Selway Asset Management increased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,600 shares of the enterprise software provider’s stock after buying an additional 200 shares during the period. Selway Asset Management’s holdings in Oracle Corporation were worth $2,086,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares in the last quarter. Baystate Wealth Management LLC increased its stake in Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after purchasing an additional 206 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Oracle Corporation during the 2nd quarter valued at $129,000. Finally, Heritage Trust Co bought a new stake in Oracle Corporation during the 1st quarter valued at $130,000. Institutional investors and hedge funds own 57.83% of the company’s stock.
In related news, insider Thomas Kurian sold 750,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the transaction, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $911,687.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,055,776 shares of company stock worth $52,673,112. Corporate insiders own 29.00% of the company’s stock.
Oracle Corporation (ORCL) opened at 48.28 on Thursday. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The stock has a market cap of $201.48 billion, a P/E ratio of 21.00 and a beta of 1.05. The company’s 50-day moving average price is $49.47 and its 200-day moving average price is $47.61.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.
ORCL has been the subject of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a research note on Monday, September 11th. Vetr lowered shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 target price for the company. in a research note on Tuesday, September 12th. Canaccord Genuity started coverage on shares of Oracle Corporation in a research note on Friday, October 6th. They issued a “buy” rating and a $57.00 target price for the company. BTIG Research reissued a “buy” rating and issued a $58.00 price target on shares of Oracle Corporation in a report on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on shares of Oracle Corporation in a report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $53.37.
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.
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