Boston Family Office LLC grew its position in Oracle Corporation (NYSE:ORCL) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 251,949 shares of the enterprise software provider’s stock after acquiring an additional 9,810 shares during the period. Oracle Corporation comprises approximately 1.5% of Boston Family Office LLC’s investment portfolio, making the stock its 17th biggest position. Boston Family Office LLC’s holdings in Oracle Corporation were worth $12,633,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Smithfield Trust Co. increased its stake in shares of Oracle Corporation by 0.6% during the first quarter. Smithfield Trust Co. now owns 22,028 shares of the enterprise software provider’s stock worth $983,000 after purchasing an additional 125 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Oracle Corporation by 1.0% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 246,550 shares of the enterprise software provider’s stock worth $10,999,000 after purchasing an additional 2,394 shares in the last quarter. PBWM Holdings LLC purchased a new stake in shares of Oracle Corporation during the first quarter worth about $220,000. First Houston Capital Inc. purchased a new stake in shares of Oracle Corporation during the first quarter worth about $397,000. Finally, Willingdon Wealth Management increased its stake in shares of Oracle Corporation by 1.1% during the first quarter. Willingdon Wealth Management now owns 18,580 shares of the enterprise software provider’s stock worth $829,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 57.95% of the company’s stock.
A number of analysts have recently commented on ORCL shares. Rosenblatt Securities reissued a “buy” rating and set a $58.00 target price on shares of Oracle Corporation in a research note on Monday, September 11th. Moffett Nathanson started coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 target price on shares of Oracle Corporation in a research note on Sunday, August 27th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Friday, August 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.73.
In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,822,112 over the last three months. 29.00% of the stock is currently owned by insiders.
Oracle Corporation (ORCL) opened at $50.18 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The company has a market cap of $209,425.52, a price-to-earnings ratio of 19.68, a P/E/G ratio of 1.91 and a beta of 1.07. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. research analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s payout ratio is currently 33.19%.
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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