Sigma Planning Corp decreased its stake in shares of Oracle Corp. (NYSE:ORCL) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 22,118 shares of the enterprise software provider’s stock after selling 190 shares during the period. Sigma Planning Corp’s holdings in Oracle Corp. were worth $905,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in shares of Oracle Corp. by 3.5% in the second quarter. Meeder Asset Management Inc. now owns 120,806 shares of the enterprise software provider’s stock valued at $4,945,000 after buying an additional 4,059 shares during the period. Northwest Investment Counselors LLC boosted its position in shares of Oracle Corp. by 0.9% in the second quarter. Northwest Investment Counselors LLC now owns 72,322 shares of the enterprise software provider’s stock valued at $2,960,000 after buying an additional 639 shares during the period. Security National Trust Co. boosted its position in shares of Oracle Corp. by 0.9% in the second quarter. Security National Trust Co. now owns 43,557 shares of the enterprise software provider’s stock valued at $1,783,000 after buying an additional 384 shares during the period. Highstreet Asset Management Inc. boosted its position in shares of Oracle Corp. by 3.3% in the second quarter. Highstreet Asset Management Inc. now owns 18,019 shares of the enterprise software provider’s stock valued at $738,000 after buying an additional 569 shares during the period. Finally, YHB Investment Advisors Inc. boosted its position in shares of Oracle Corp. by 62.6% in the second quarter. YHB Investment Advisors Inc. now owns 284,068 shares of the enterprise software provider’s stock valued at $11,627,000 after buying an additional 109,350 shares during the period. Institutional investors own 58.00% of the company’s stock.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.71% during trading on Friday, reaching $39.23. 14,017,314 shares of the company were exchanged. The firm has a market cap of $161.06 billion, a price-to-earnings ratio of 18.64 and a beta of 1.08. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The stock’s 50-day moving average is $40.75 and its 200-day moving average is $40.35.
Oracle Corp. (NYSE:ORCL) last issued its earnings results 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 earned $8.60 billion during the quarter. During the same quarter in the prior year, the company earned $0.53 EPS. Oracle Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be given a $0.15 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Oracle Corp.’s dividend payout ratio is currently 28.57%.
Several brokerages have recently issued reports on ORCL. JMP Securities reiterated an “underperform” rating and set a $31.00 price target on shares of Oracle Corp. in a research report on Friday. Pacific Crest reissued a “hold” rating on shares of Oracle Corp. in a research note on Friday. Stifel Nicolaus reduced their price objective on Oracle Corp. from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Friday. Bank of America Corp. reissued a “buy” rating and set a $48.00 price objective on shares of Oracle Corp. in a research note on Thursday. Finally, Zacks Investment Research lowered Oracle Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.89.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction 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 owns 8,281 shares in the company, valued at $345,980.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the transaction, 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. 28.00% of the stock is currently owned by company insiders.
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.
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.