Wayne Hummer Investments L.L.C. lessened its stake in Oracle Corporation (NYSE:ORCL) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,125 shares of the enterprise software provider’s stock after selling 186 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Oracle Corporation were worth $558,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Oracle Corporation by 1,150.0% in 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 acquiring an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC lifted its stake in shares of Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after acquiring an additional 1,264 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in shares of Oracle Corporation by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after acquiring an additional 206 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Oracle Corporation during the 2nd quarter valued at approximately $129,000. Finally, Heritage Trust Co bought a new position in Oracle Corporation during the 1st quarter valued at approximately $130,000. 57.95% of the stock is owned by institutional investors.
Shares of Oracle Corporation (ORCL) opened at $50.18 on Friday. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $209,425.52, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly 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 business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. equities research analysts predict that Oracle Corporation will post 2.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. Oracle Corporation’s dividend payout ratio is presently 33.19%.
In other news, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were 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 of the company’s stock, valued at approximately $912,593.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,776 shares of company stock worth $14,822,112. Insiders own 29.00% of the company’s stock.
A number of research firms have commented on ORCL. UBS AG reaffirmed a “buy” rating and set a $57.00 price target (up previously from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. Barclays PLC upped their price target on Oracle Corporation from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price target on Oracle Corporation and gave the company a “buy” rating in a research report on Friday, September 15th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Oracle Corporation in a research report on Friday, September 15th. Finally, Jefferies Group LLC upped their price target on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $53.73.
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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