Samalin Investment Counsel LLC Makes New $512,000 Investment in Oracle Corporation $ORCL

Key Points

• Samalin Investment Counsel LLC has made a new investment of approximately $512,000 in Oracle Corporation, acquiring 3,661 shares of the stock in the first quarter.
• Other institutional investors have also increased their stakes in Oracle, with Harel Insurance Investments expanding its position by 71.6%, while the combined institutional ownership now accounts for 42.44% of Oracle's stock.
• Oracle recently announced a quarterly dividend of $0.50 per share, contributing to a 0.9% yield, with a current payout ratio of 46.08%.

Samalin Investment Counsel LLC acquired a new position in Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,661 shares of the enterprise software provider's stock, valued at approximately $512,000.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. grew its position in shares of Oracle by 4.3% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock valued at $7,179,000 after acquiring an additional 2,110 shares during the period. Nuveen LLC bought a new position in shares of Oracle during the 1st quarter valued at approximately $732,692,000. Rockland Trust Co. grew its position in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after acquiring an additional 467 shares during the period. Finally, Calamos Advisors LLC grew its position in shares of Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after acquiring an additional 10,426 shares during the period. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares in the company, valued at $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

Oracle Stock Down 0.4%

ORCL opened at $234.57 on Wednesday. The company has a 50 day moving average of $236.39 and a 200 day moving average of $183.72. The company has a market cap of $658.85 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 3.51 and a beta of 1.43. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the company posted $1.63 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.9%. Oracle's dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ORCL. Roth Capital reissued a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. UBS Group increased their target price on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $227.04.

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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