Paragon Capital Management Ltd lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 24.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,280 shares of the enterprise software provider’s stock after buying an additional 2,957 shares during the quarter. Paragon Capital Management Ltd’s holdings in Oracle were worth $739,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Acrospire Investment Management LLC grew its holdings in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors grew its holdings in Oracle by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the period. IHT Wealth Management LLC grew its holdings in Oracle by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the period. State of Alaska Department of Revenue acquired a new stake in Oracle in the second quarter worth $129,000. Finally, ETF Managers Group LLC bought a new position in shares of Oracle in the second quarter valued at $133,000. Institutional investors own 57.89% of the company’s stock.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 11,250 shares of Oracle stock in a transaction that occurred 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 sale, the director now owns 10,000 shares of the company’s stock, valued at $481,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 278,750 shares of company stock valued at $13,459,738. 29.00% of the stock is owned by corporate insiders.
Oracle Corporation (NYSE ORCL) opened at $47.43 on Wednesday. The company has a market cap of $196,051.56, a P/E ratio of 20.36, a P/E/G ratio of 1.81 and a beta of 1.05. Oracle Corporation has a 12 month low of $38.30 and a 12 month high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. Oracle’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. equities analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
Oracle announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.60%. Oracle’s dividend payout ratio is currently 32.62%.
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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