Sage Capital Advisors llc Buys New Position in Oracle Corporation $ORCL

Key Points

• Sage Capital Advisors LLC has acquired a new position in Oracle Corporation, buying 26,497 shares valued at approximately $5.79 million, which now represents about 1.4% of their portfolio.
• Insider transactions were notable, with Director Naomi O. Seligman selling 3,303 shares and Michael D. Sicilia selling 15,880 shares, decreasing their holdings significantly.
• Analysts have raised Oracle's price targets, with Piper Sandler setting a new target at $330 and Wolfe Research at $400, indicating strong market expectations for the company's performance.

Sage Capital Advisors llc bought a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,497 shares of the enterprise software provider's stock, valued at approximately $5,793,000. Oracle makes up approximately 1.4% of Sage Capital Advisors llc's portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Redmont Wealth Advisors LLC bought a new position in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in Oracle in the fourth quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle in the fourth quarter worth $36,000. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,183 shares of company stock worth $10,353,198. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price target on Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Wolfe Research raised their price target on Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday. Melius Research raised their price target on Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Citigroup restated an "outperform" rating on shares of Oracle in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $296.84.

Oracle Stock Performance

NYSE:ORCL opened at $292.07 on Friday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The stock's 50 day simple moving average is $244.69 and its two-hundred day simple moving average is $190.37. The company has a market cap of $820.38 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The company's revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle's payout ratio is presently 46.30%.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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