Clarion Wealth Managment Partners LLC Takes Position in Oracle Corporation $ORCL

Clarion Wealth Managment Partners LLC bought a new position in Oracle Corporation (NYSE:ORCL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,512 shares of the enterprise software provider’s stock, valued at approximately $768,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Oracle by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after acquiring an additional 3,353,461 shares in the last quarter. State Street Corp increased its position in Oracle by 1.7% in the second quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider’s stock worth $16,060,427,000 after purchasing an additional 1,252,723 shares during the last quarter. Northern Trust Corp raised its stake in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after purchasing an additional 120,889 shares in the last quarter. Norges Bank bought a new position in Oracle during the second quarter valued at $4,275,378,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Oracle by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after buying an additional 59,164 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares in the company, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 171,513 shares of company stock valued at $50,397,893. 40.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $400.00 target price on shares of Oracle in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Oracle in a research report on Monday, December 8th. Berenberg Bank raised their price objective on Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday, September 15th. Baird R W raised Oracle to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Barclays set a $310.00 price target on Oracle in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $301.57.

Oracle Stock Performance

Shares of Oracle stock opened at $189.64 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. The stock’s fifty day moving average is $245.58 and its two-hundred day moving average is $241.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a market capitalization of $540.62 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.14 and a beta of 1.66.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The firm had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 earnings per share. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s dividend payout ratio is currently 37.59%.

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.