Mosaic Family Wealth LLC lessened its holdings in Oracle Corporation (NYSE:ORCL) by 34.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,735 shares of the enterprise software provider’s stock after selling 5,750 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Oracle Corporation were worth $538,000 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. grew its holdings in shares of Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC grew its holdings in shares of Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the last quarter. Baystate Wealth Management LLC grew its holdings in shares of Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Oracle Corporation during the second quarter worth about $129,000. Finally, Heritage Trust Co purchased a new position in shares of Oracle Corporation during the first quarter worth about $130,000. 58.10% of the stock is currently owned by hedge funds and other institutional investors.
ORCL has been the topic of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a report on Monday, September 11th. Moffett Nathanson initiated coverage on Oracle Corporation in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price objective on shares of Oracle Corporation in a report on Sunday, August 27th. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Friday, August 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $53.73.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $912,593.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George H. Conrades sold 11,250 shares of Oracle Corporation stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $48.10, for a total transaction of $541,125.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $481,000. 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 in the last 90 days. Company insiders own 29.00% of the company’s stock.
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Oracle Corporation (NYSE ORCL) opened at $50.18 on Monday. 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 firm 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 1-year low of $37.64 and a 1-year high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. Oracle Corporation’s payout ratio is 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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