Strategic Advisors LLC reduced its stake in Oracle Corporation (NYSE:ORCL) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,275 shares of the enterprise software provider’s stock after selling 997 shares during the period. Strategic Advisors LLC’s holdings in Oracle Corporation were worth $503,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hudock Capital Group LLC raised its position in Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after buying an additional 10 shares in the last quarter. Zions Bancorporation raised its position in Oracle Corporation by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock valued at $152,000 after buying an additional 36 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock valued at $257,000 after buying an additional 38 shares in the last quarter. Delta Asset Management LLC TN raised its position in Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock valued at $335,000 after buying an additional 42 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its position in Oracle Corporation by 0.4% in the first quarter. Carroll Financial Associates Inc. now owns 17,268 shares of the enterprise software provider’s stock valued at $770,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 58.54% of the company’s stock.
Oracle Corporation (NYSE:ORCL) opened at 50.80 on Monday. The firm’s 50-day moving average is $48.17 and its 200 day moving average is $44.23. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The firm has a market capitalization of $210.14 billion, a P/E ratio of 22.99 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same period last year, the firm earned $0.81 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.
Several research analysts have recently issued reports on the company. UBS AG restated a “buy” rating and issued a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Wedbush raised Oracle Corporation from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $56.00 price objective (up previously from $49.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. Oracle Corporation currently has an average rating of “Buy” and an average price target of $50.70.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Monday, May 15th. The shares were sold at an average price of $45.25, for a total value of $169,687.50. Following the transaction, the director now owns 8,281 shares in the company, valued at approximately $374,715.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the transaction, the insider now owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,315,101 shares of company stock worth $113,944,409. Corporate insiders own 29.00% of the company’s stock.
Oracle Corporation Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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