Global Assets Advisory LLC recently acquired a new stake in Oracle Co. with the purchase of 259,744 shares valued at $32,626,000. This move aligns with similar investments made by other institutional investors like Westend Capital Management LLC, Orion Capital Management LLC, and Spartan Planning & Wealth Management, showing confidence in Oracle’s performance.
In insider trading news, Edward Screven sold 235,918 shares of Oracle stock, indicating movement within the company. Furthermore, director George H. Conradas sold 25,000 shares, demonstrating shareholder activity within the organization.
Several analysts have provided their take on Oracle, with varying price targets and ratings. Sanford C. Bernstein raised their target price to $171.00 and labeled Oracle as “outperform,” while Citigroup reduced their price estimate to $128.00 with a “neutral” rating. Overall, Oracle has received a “Moderate Buy” rating with a consensus price target of $144.79.
Oracle’s recent financial performance revealed earnings slightly below expectations, with a return on equity of 223.01% and a net margin of 19.76%. Despite this, the company’s revenue increased by 3.3% year over year, showing potential for growth in the future.
In terms of dividends, Oracle recently announced a quarterly dividend of $0.40 per share, providing investors with a dividend yield of 1.14%. This move reflects Oracle’s commitment to returning value to its shareholders.
Overall, Oracle Corporation remains a key player in the enterprise software industry, offering a range of cloud software applications to address various IT needs globally. With a market capitalization of $385.41 billion and positive analyst ratings, Oracle continues to be a prominent choice for institutional investors and shareholders alike.
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