Financial Synergies Wealth Advisors Inc. significantly increased its stake in Oracle Co. during the first quarter, as reported in its recent filing with the SEC. The institutional investor now owns 328 shares of the enterprise software provider, up from 166 shares. Other hedge funds and institutional investors have also recently bought and sold shares of Oracle. The stock, listed on the New York Stock Exchange under ORCL, saw a decrease of 1.2% in its value.
Despite this decrease, Oracle still retains a significant market capitalization of $385.41 billion. The company reported earnings of $1.63 per share for the quarter, slightly below analyst expectations. Its revenue was $14.29 billion for the quarter, and it has a one-year high of $145.32.
Oracle recently announced a quarterly dividend of $0.40 per share, with an ex-dividend date on July 11. Insider transactions have also been noted, with Edward Screven and Michael J. Boskin selling shares in June and May, respectively. Oracle insiders have sold a total of 348,418 shares in the last quarter.
Financial analysts have set new price targets for Oracle stock, with various ratings ranging from neutral to outperform. The company offers a range of cloud software applications under its Oracle Cloud Software-as-a-Service offering. Oracle’s average rating from analysts is considered a “Moderate Buy,” with an average price target of $144.79 per share.
Overall, Oracle remains a strong player in the enterprise software industry, with continued growth and strategic moves in the market. Investors and analysts are closely monitoring its performance and future outlook in the evolving tech landscape.
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https://www.defenseworld.net/2024/06/25/oracle-co-nyseorcl-shares-purchased-by-financial-synergies-wealth-advisors-inc.html
