Exchange Capital Management Inc. raised its stake in Oracle Co. by 6.1% in the first quarter, owning 4,432 shares worth $557,000 at the end of the quarter. Other hedge funds like Invst LLC, Nemes Rush Group LLC, Avidian Wealth Solutions LLC, Sovereign Financial Group Inc., and Godshalk Welsh Capital Management Inc. have also increased their positions in Oracle. Analysts have set new price targets for Oracle stock, with price targets ranging from $130.00 to $165.00 and ratings varying from “neutral” to “outperform.” Insiders at Oracle, like Director Michael J. Boskin and Director George H. Conrad, have been selling shares recently.
Oracle Co. saw a decrease in its share price on Wednesday, opening at $143.27. The company recently reported quarterly earnings data with a net margin of 19.76% and return on equity of 223.01%. Oracle announced a quarterly dividend of $0.40 per share, payable on July 25th. The company’s cloud software products and services are utilized in various enterprise IT environments worldwide.
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