Clean Yield Group purchased a new stake in Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent filing with the SEC. The fund purchased 2,934 shares of the enterprise software provider’s stock, valued at approximately $131,000.
Several other institutional investors have also bought and sold shares of ORCL. Reilly Financial Advisors LLC increased its position 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 worth $112,000 after buying an additional 200 shares during the period. Gradient Investments LLC increased its position 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 worth $114,000 after buying an additional 1,132 shares during the period. Orrstown Financial Services Inc. increased its position in shares of Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares during the period. Zions Bancorporation increased its position in shares of Oracle Corporation by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock worth $152,000 after buying an additional 36 shares during the period. Finally, Pinnacle Bank purchased a new position in shares of Oracle Corporation during the first quarter worth approximately $160,000. 58.79% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corporation (ORCL) traded up 0.14% during midday trading on Friday, reaching $48.62. The company’s stock had a trading volume of 10,248,442 shares. The firm has a market capitalization of $201.13 billion, a PE ratio of 22.00 and a beta of 1.06. The firm has a 50 day moving average price of $49.83 and a 200 day moving average price of $45.71. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Oracle Corporation will post $2.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.
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A number of brokerages have weighed in on ORCL. UBS AG reiterated a “buy” rating and set 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. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Friday. BidaskClub cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Sanford C. Bernstein restated an “outperform” rating and issued a $54.00 price objective on shares of Oracle Corporation in a report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $50.81.
In other news, insider Thomas Kurian sold 750,000 shares of the company’s 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 transaction, the insider now owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,817,500 shares of company stock worth $91,560,925. 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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