Thompson Davis & CO. Inc. increased its stake in shares of Oracle Corp. (NYSE:ORCL) by 237.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,554 shares of the enterprise software provider’s stock after buying an additional 2,500 shares during the period. Thompson Davis & CO. Inc.’s holdings in Oracle Corp. were worth $145,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ORCL. Donald L. Hagan LLC increased its position in Oracle Corp. by 1.7% in the first quarter. Donald L. Hagan LLC now owns 20,221 shares of the enterprise software provider’s stock valued at $827,000 after buying an additional 331 shares during the period. TNB Financial boosted its stake in Oracle Corp. by 8.0% in the first quarter. TNB Financial now owns 150,046 shares of the enterprise software provider’s stock valued at $6,136,000 after buying an additional 11,175 shares during the period. Quotient Investors LLC boosted its stake in Oracle Corp. by 11.4% in the first quarter. Quotient Investors LLC now owns 35,863 shares of the enterprise software provider’s stock valued at $1,467,000 after buying an additional 3,681 shares during the period. Manning & Napier Advisors LLC boosted its stake in Oracle Corp. by 0.9% in the first quarter. Manning & Napier Advisors LLC now owns 238,490 shares of the enterprise software provider’s stock valued at $9,756,000 after buying an additional 2,170 shares during the period. Finally, Brookstone Capital Management boosted its stake in Oracle Corp. by 16.9% in the first quarter. Brookstone Capital Management now owns 8,752 shares of the enterprise software provider’s stock valued at $358,000 after buying an additional 1,267 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.
Shares of Oracle Corp. (NYSE:ORCL) traded up 0.54% during mid-day trading on Wednesday, reaching $39.28. 4,841,011 shares of the company traded hands. The stock has a market capitalization of $161.79 billion, a PE ratio of 18.66 and a beta of 1.08. The stock’s 50 day moving average is $40.87 and its 200 day moving average is $40.35. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00.
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 the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm earned $8.60 billion during the quarter. During the same period last year, the firm earned $0.53 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Oracle Corp. will post $2.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
Several equities research analysts have recently issued reports on ORCL shares. Evercore ISI raised shares of Oracle Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. JMP Securities reaffirmed a “sell” rating and set a $31.00 price objective on shares of Oracle Corp. in a research report on Thursday, June 2nd. OTR Global raised shares of Oracle Corp. to a “positive” rating in a research report on Friday, June 3rd. Zacks Investment Research raised shares of Oracle Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “underperform” rating on shares of Oracle Corp. in a research report on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.88.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s 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 completion of 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. 28.00% of the stock is currently owned by insiders.
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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