Clear Creek Financial Management LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 43.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,633 shares of the enterprise software provider’s stock after buying an additional 802 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Oracle were worth $576,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Legend Financial Advisors Inc. bought a new stake in shares of Oracle in the 2nd quarter valued at about $34,000. HighMark Wealth Management LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $38,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $28,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Oracle by 284.9% in 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. 42.44% of the stock is owned by institutional investors.
Oracle Stock Down 1.3%
Shares of ORCL opened at $293.04 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm’s 50 day moving average is $266.69 and its 200-day moving average is $209.86. The stock has a market capitalization of $835.40 billion, a PE ratio of 67.83, a P/E/G ratio of 3.20 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.
Oracle Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Roth Capital reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Sanford C. Bernstein upped their target price on shares of Oracle from $363.00 to $364.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Stifel Nicolaus increased their price target on shares of Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Citigroup reissued a “buy” rating on shares of Oracle in a report on Friday. Finally, BNP Paribas set a $377.00 price target on shares of Oracle in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.71.
Get Our Latest Stock Analysis on ORCL
Insider Buying and Selling at Oracle
In related news, Director William G. Parrett sold 11,500 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the sale, the director owned 17,764 shares in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider owned 132,656 shares in the company, valued at $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock valued at $31,272,223 over the last ninety days. Company insiders own 40.90% of the company’s stock.
Oracle 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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