Donald L. Hagan LLC raised its position in Oracle Corp. (NYSE:ORCL) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,452 shares of the enterprise software provider’s stock after buying an additional 231 shares during the period. Donald L. Hagan LLC’s holdings in Oracle Corp. were worth $837,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Boston Advisors LLC increased its stake in Oracle Corp. by 5.1% in the first quarter. Boston Advisors LLC now owns 84,032 shares of the enterprise software provider’s stock worth $3,438,000 after buying an additional 4,063 shares during the period. Kelman Lazarov Inc. acquired a new stake in Oracle Corp. during the first quarter worth about $558,000. Gillespie Robinson & Grimm Inc. increased its stake in Oracle Corp. by 3.0% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 486,972 shares of the enterprise software provider’s stock worth $19,976,000 after buying an additional 13,966 shares during the period. Van Cleef Asset Management Inc increased its stake in Oracle Corp. by 1,523.4% in the first quarter. Van Cleef Asset Management Inc now owns 117,535 shares of the enterprise software provider’s stock worth $4,808,000 after buying an additional 110,295 shares during the period. Finally, BLB&B Advisors LLC increased its stake in Oracle Corp. by 0.3% in the first quarter. BLB&B Advisors LLC now owns 9,711 shares of the enterprise software provider’s stock worth $397,000 after buying an additional 28 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) traded up 0.41% during mid-day trading on Friday, reaching $39.28. The company had a trading volume of 12,861,882 shares. The stock has a market capitalization of $161.27 billion, a P/E ratio of 18.66 and a beta of 1.08. The firm’s 50 day moving average is $40.48 and its 200-day moving average is $40.37. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company had revenue of $8.60 billion for the quarter. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, analysts expect that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.53%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
A number of research firms have weighed in on ORCL. Sanford C. Bernstein restated an “outperform” rating and issued a $51.00 price target on shares of Oracle Corp. in a report on Friday, July 15th. Macquarie restated an “outperform” rating on shares of Oracle Corp. in a report on Tuesday, July 19th. Atlantic Securities cut Oracle Corp. from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. BTIG Research upped their price target on Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Vetr cut Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price target for the company. in a report on Monday, August 15th. 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. Oracle Corp. currently has an average rating of “Buy” and an average target price of $44.76.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $41.78, for a total value of $156,675.00. Following the sale, the director now owns 8,281 shares in the company, valued at $345,980.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares in the company, valued at approximately $990,250. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
About Oracle Corp.
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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