Hudock Capital Group LLC Has $203,000 Stake in Oracle Corporation (ORCL)

Hudock Capital Group LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,062 shares of the enterprise software provider’s stock after purchasing an additional 65 shares during the quarter. Hudock Capital Group LLC’s holdings in Oracle Corporation were worth $203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. FTB Advisors Inc. increased its position in shares of Oracle Corporation by 1.8% during the 1st quarter. FTB Advisors Inc. now owns 17,501 shares of the enterprise software provider’s stock valued at $781,000 after purchasing an additional 304 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Oracle Corporation by 6.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,525,925 shares of the enterprise software provider’s stock valued at $68,525,000 after purchasing an additional 93,229 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Oracle Corporation by 0.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 155,033 shares of the enterprise software provider’s stock valued at $6,916,000 after purchasing an additional 850 shares during the last quarter. Tower Bridge Advisors increased its position in shares of Oracle Corporation by 2.4% during the 1st quarter. Tower Bridge Advisors now owns 260,875 shares of the enterprise software provider’s stock valued at $11,638,000 after purchasing an additional 6,152 shares during the last quarter. Finally, AMG National Trust Bank increased its position in shares of Oracle Corporation by 5.7% during the 1st quarter. AMG National Trust Bank now owns 46,819 shares of the enterprise software provider’s stock valued at $2,089,000 after purchasing an additional 2,540 shares during the last quarter. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

ORCL has been the topic of several analyst reports. KeyCorp reissued a “buy” rating and set a $61.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Oracle Corporation in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Twelve investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Oracle Corporation has a consensus rating of “Buy” and an average price target of $55.05.

TRADEMARK VIOLATION NOTICE: “Hudock Capital Group LLC Has $203,000 Stake in Oracle Corporation (ORCL)” was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/15/hudock-capital-group-llc-has-203000-stake-in-oracle-corporation-orcl.html.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George H. Conrades sold 11,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $48.10, for a total value of $541,125.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $481,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 302,026 shares of company stock worth $14,638,887. Company insiders own 29.00% of the company’s stock.

Shares of Oracle Corporation (NYSE ORCL) opened at $49.20 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The company has a market capitalization of $206,170.20, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. equities research analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

Oracle Corporation 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

Receive News & Ratings for Oracle Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply