Keel Point LLC boosted its stake in Oracle Corporation (NYSE:ORCL) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,335 shares of the enterprise software provider’s stock after buying an additional 11 shares during the period. Keel Point LLC’s holdings in Oracle Corporation were worth $238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares during the period. Reilly Financial Advisors LLC increased its stake in shares of Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares during the period. Gradient Investments LLC increased its stake in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock valued at $114,000 after buying an additional 1,132 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares during the period. Finally, Heritage Trust Co bought a new stake in shares of Oracle Corporation during the first quarter valued at approximately $130,000. 58.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oracle Corporation (ORCL) traded up 0.281% during mid-day trading on Friday, reaching $48.235. The company had a trading volume of 4,726,865 shares. The stock has a 50 day moving average price of $50.16 and a 200 day moving average price of $45.34. The firm has a market capitalization of $199.53 billion, a PE ratio of 21.826 and a beta of 1.06. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. Oracle Corporation’s dividend payout ratio is presently 34.55%.
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Several brokerages have commented on ORCL. Stifel Nicolaus restated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a report on Tuesday, July 25th. Pacific Crest reiterated an “equal weight” rating on shares of Oracle Corporation in a report on Friday, June 23rd. MKM Partners reiterated a “neutral” rating and issued a $48.00 price objective (up from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Mitsubishi UFJ Financial Group set a $63.00 price objective on shares of Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $50.70.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $807,831.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the sale, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,547,388 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.
About Oracle Corporation
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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