International Assets Investment Management LLC has raised its stake in Oracle Co. by 5.6% in the first quarter, according to a recent filing with the Securities and Exchange Commission. The institutional investor now owns 12,620 shares of the enterprise software provider, valued at $1,584,000. Other large investors like Orion Capital Management LLC and Spartan Planning & Wealth Management have also made moves in Oracle stock. Oracle shares fell 1.0% to open at $141.50 on Monday. The company recently reported earnings of $1.63 per share, missing estimates by $0.02. They also declared a quarterly dividend of $0.40 per share to be paid on July 25th.
Several analysts have weighed in on Oracle stock, with ratings ranging from hold to buy. CEO Safra Catz recently sold 790,000 shares of company stock, while director George H. Conradas sold 25,000 shares. Insiders have sold a total of 880,000 shares in the past 90 days. Oracle Corporation offers a range of enterprise information technology products and services globally, including cloud software applications like Oracle Fusion Cloud ERP and Oracle Fusion Cloud HCM.
In conclusion, Oracle remains a prominent player in the enterprise software space, with continued activity from institutional investors and analysts closely monitoring its performance. Insiders have also been involved in recent stock sales, indicating confidence in the company’s direction. Oracle’s focus on cloud-based offerings and diverse product portfolio position it for further growth in the market.
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https://www.defenseworld.net/2024/06/24/oracle-co-nyseorcl-stock-position-boosted-by-international-assets-investment-management-llc.html
