First Niagara Bank reduced its position in Oracle Corp. (NYSE:ORCL) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 23,116 shares of the enterprise software provider’s stock after selling 1 shares during the period. First Niagara Bank’s holdings in Oracle Corp. were worth $946,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Cribstone Capital Management LLC purchased a new stake in shares of Oracle Corp. during the second quarter worth about $102,000. FCM Investments TX raised its stake in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the period. Ironwood Financial llc bought a new stake in shares of Oracle Corp. during the first quarter worth $147,000. Gardner Russo & Gardner LLC bought a new stake in shares of Oracle Corp. during the first quarter worth $205,000. Finally, Natixis bought a new stake in shares of Oracle Corp. during the first quarter worth $230,000. 58.00% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corp. (NYSE:ORCL) traded up 0.41% during midday trading on Friday, reaching $39.28. 12,861,882 shares of the company were exchanged. The firm’s 50 day moving average price is $40.48 and its 200-day moving average price is $40.37. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The stock has a market capitalization of $161.27 billion, a P/E ratio of 18.66 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last posted its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. Oracle Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. Equities analysts forecast that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
A number of brokerages have recently weighed in on ORCL. Citigroup Inc. reaffirmed a “hold” rating on shares of Oracle Corp. in a research note on Saturday, June 18th. DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of Oracle Corp. in a research note on Saturday, September 17th. Rosenblatt Securities set a $48.00 target price on shares of Oracle Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. SunTrust Banks Inc. set a $48.00 target price on shares of Oracle Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. Finally, Royal Bank Of Canada lifted their target price on shares of Oracle Corp. from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $44.76.
In other news, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the transaction, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
Oracle Corp. Company 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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