WestHill Financial Advisors Inc. Takes Position in Oracle Corporation $ORCL

Key Points

• WestHill Financial Advisors Inc. acquired a new stake in Oracle Corporation (NYSE: ORCL) with the purchase of 1,197 shares valued at approximately $262,000 in the second quarter.
• Analysts have raised their price targets for Oracle, with JMP Securities now setting a target of $342.00, indicating a positive outlook on the company's stock.
• Oracle recently declared a quarterly dividend of $0.50 per share, with an annualized yield of 0.7%, reflecting its commitment to returning value to shareholders.

WestHill Financial Advisors Inc. bought a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,197 shares of the enterprise software provider's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in Oracle by 71.6% in the first 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 during the period. Lockheed Martin Investment Management Co. increased its stake in Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after purchasing an additional 2,110 shares during the period. Strs Ohio purchased a new stake in Oracle in the first quarter worth $108,572,000. CBM Financial LLC purchased a new stake in Oracle in the first quarter worth $356,000. Finally, Paladin Wealth LLC purchased a new stake in Oracle in the second quarter worth $204,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JMP Securities raised their price target on Oracle from $315.00 to $342.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 10th. Royal Bank Of Canada lifted their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Evercore ISI lifted their target price on Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Finally, Morgan Stanley lifted their target price on Oracle from $175.00 to $246.00 and gave the company an "equal weight" rating in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $303.44.

Insiders Place Their Bets

In other news, insider Michael D. Sicilia sold 15,880 shares of the business's 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 sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of the business's 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 completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,183 shares of company stock valued at $7,141,698 over the last ninety days. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Up 3.4%

Oracle stock opened at $302.10 on Tuesday. The stock has a 50-day moving average price of $246.08 and a 200 day moving average price of $191.63. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $858.48 billion, a price-to-earnings ratio of 69.93, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 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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