ShankerValleau Wealth Advisors Inc. Decreases Stock Position in Oracle Corporation $ORCL

Key Points

• ShankerValleau Wealth Advisors Inc. reduced its stake in Oracle Corporation by 1.1%, maintaining a total of 327,874 shares, which represents about 20.4% of the firm's holdings.
• Analysts have increased their target prices for Oracle, with Cantor Fitzgerald raising it from $271 to $400, contributing to a "Moderate Buy" consensus rating among investors.
• Oracle disclosed a quarterly dividend of $0.50, payable on October 23rd, which translates to an annual dividend yield of 0.7% and a payout ratio of 46.30%.

ShankerValleau Wealth Advisors Inc. trimmed its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327,874 shares of the enterprise software provider's stock after selling 3,707 shares during the quarter. Oracle accounts for about 20.4% of ShankerValleau Wealth Advisors Inc.'s holdings, making the stock its 2nd largest position. ShankerValleau Wealth Advisors Inc.'s holdings in Oracle were worth $71,683,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC raised its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Cantor Fitzgerald boosted their target price on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Stifel Nicolaus boosted their target price on Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. TD Cowen boosted their target price on Oracle from $325.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Jefferies Financial Group boosted their target price on Oracle from $270.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $296.84.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated 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 directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,183 shares of company stock worth $10,353,198. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

ORCL opened at $292.07 on Monday. The stock has a 50-day moving average price of $244.69 and a 200-day moving average price of $190.68. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $829.98 billion, a P/E ratio of 67.61, a PEG ratio of 3.16 and a beta of 1.46.

Oracle Dividend Announcement

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

About Oracle

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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