Headinvest LLC raised its position in Oracle Corp. (NYSE:ORCL) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 57,555 shares of the enterprise software provider’s stock after buying an additional 205 shares during the period. Headinvest LLC’s holdings in Oracle Corp. were worth $2,356,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cribstone Capital Management LLC purchased a new stake in Oracle Corp. during the second quarter worth approximately $102,000. FCM Investments TX raised its stake in 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 in the last quarter. Ironwood Financial llc purchased a new stake in Oracle Corp. during the first quarter worth approximately $147,000. Gardner Russo & Gardner LLC purchased a new stake in Oracle Corp. during the first quarter worth approximately $205,000. Finally, Natixis purchased a new stake in Oracle Corp. during the first quarter worth approximately $230,000. 58.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.23% during trading on Monday, reaching $38.62. The company’s stock had a trading volume of 9,475,433 shares. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The firm’s 50-day moving average is $40.15 and its 200-day moving average is $40.32. The stock has a market capitalization of $158.56 billion, a PE ratio of 18.35 and a beta of 1.23.
Oracle Corp. (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.53 earnings per share. Oracle Corp.’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Oracle Corp. will post $2.63 earnings per share for the current year.
The business also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is currently 28.57%.
A number of equities research analysts have recently commented on ORCL shares. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Oracle Corp. in a research note on Monday, June 13th. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Oracle Corp. in a research note on Monday, June 13th. Barclays PLC reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Oracle Corp. in a research note on Monday, June 13th. Zacks Investment Research raised shares of Oracle Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $41.00 target price on shares of Oracle Corp. in a research report on Wednesday, June 15th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $44.76.
In related news, EVP Dorian Daley sold 16,065 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the sale, the executive vice president now owns 25,000 shares of the company’s stock, valued at $990,250. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the sale, the director now directly owns 8,281 shares in the company, valued at approximately $345,980.18. The disclosure for this sale can be found here. Corporate insiders own 29.00% 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.
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corp. (NYSE:ORCL).
Receive News & Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related companies with MarketBeat.com's FREE daily email newsletter.