BTC Capital Management Inc. recently purchased a new stake in Oracle Co. during the first quarter, acquiring 6,645 shares valued at around $835,000. Other institutional investors like Orion Capital Management LLC, Spartan Planning & Wealth Management, Tidemark LLC, Nordwand Advisors LLC, and Frank Rimerman Advisors LLC also adjusted their holdings in the company. CEO Safra Catz sold 790,000 shares of Oracle on March 26, while Director Michael J. Boskin sold 45,000 shares on May 7, both transactions disclosed to the SEC. In the last three months, insiders have collectively sold 880,000 shares of Oracle stock. Oracle’s shares fell 1.0% to $141.50 on the NYSE. The company’s recent quarterly earnings fell slightly short of analyst estimates, with revenue of $14.29 billion.
Oracle also announced a quarterly dividend of $0.40 per share, with a payout ratio of 43.13%. Wall Street analysts have varied opinions on Oracle’s stock, with target price adjustments and ratings ranging from “neutral” to “buy.” The company’s Cloud Software-as-a-Service offering includes various cloud software applications like Oracle Fusion Cloud ERP, Oracle Fusion Cloud HCM, and Oracle NetSuite.
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Overall, Oracle continues to attract interest from institutional investors while facing fluctuations in stock price and analyst ratings. The company’s focus on cloud software services and recent earnings performance will likely influence its stock performance in the future. Invest wisely based on comprehensive research and analysis to make informed decisions in the stock market.
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https://www.marketbeat.com/instant-alerts/nyse-orcl-sec-filing-2024-06-22/
