AMG National Trust Bank boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,819 shares of the enterprise software provider’s stock after buying an additional 2,540 shares during the period. AMG National Trust Bank’s holdings in Oracle Corporation were worth $2,089,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Marietta Wealth Management LLC bought a new stake in Oracle Corporation during the fourth quarter worth $284,000. Flinton Capital Management LLC bought a new stake in Oracle Corporation during the fourth quarter worth $38,329,000. Cpcm LLC bought a new stake in Oracle Corporation during the fourth quarter worth $993,000. Sand Hill Global Advisors LLC increased its stake in Oracle Corporation by 2.6% in the fourth quarter. Sand Hill Global Advisors LLC now owns 5,811 shares of the enterprise software provider’s stock worth $223,000 after buying an additional 148 shares during the last quarter. Finally, Folger Hill Asset Management LP bought a new stake in Oracle Corporation during the fourth quarter worth $900,000. 58.54% of the stock is owned by institutional investors.
Oracle Corporation (NYSE ORCL) opened at 51.00 on Thursday. The firm’s 50-day moving average price is $48.01 and its 200 day moving average price is $44.18. The stock has a market cap of $210.97 billion, a PE ratio of 23.08 and a beta of 1.07. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. Equities research analysts expect that Oracle Corporation will post $2.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 annualized dividend and a yield of 1.49%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.
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A number of analysts have recently weighed in on ORCL shares. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a research report on Friday, April 7th. Rosenblatt Securities raised their price target on shares of Oracle Corporation from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Benchmark Co. started coverage on shares of Oracle Corporation in a research report on Thursday, April 27th. They set a “buy” rating and a $55.00 price target for the company. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, May 16th. Finally, Vetr raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $50.70.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $807,831.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 103,520 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $45.01, for a total value of $4,659,435.20. Following the completion of the sale, the chief executive officer now directly owns 565,380 shares of the company’s stock, valued at $25,447,753.80. The disclosure for this sale can be found here. Insiders have sold 2,315,101 shares of company stock valued at $113,944,409 over the last three months. Insiders own 29.00% of the company’s stock.
Oracle Corporation 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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