FormulaFolio Investments LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent filing with the SEC. The fund acquired 4,802 shares of the enterprise software provider’s stock, valued at approximately $214,000.
Several other large investors also recently made changes to their positions in the stock. Reilly Financial Advisors LLC increased its position in Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 200 shares in the last quarter. Gradient Investments LLC increased its position in Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares in the last quarter. Orrstown Financial Services Inc. increased its position in Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares in the last quarter. Clean Yield Group acquired a new position in Oracle Corporation during the first quarter worth about $131,000. Finally, Pinnacle Bank acquired a new position in Oracle Corporation during the first quarter worth about $160,000. 58.79% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE:ORCL) traded up 0.53% during midday trading on Tuesday, reaching $49.16. 1,702,206 shares of the company’s stock were exchanged. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The stock’s 50 day moving average is $49.79 and its 200 day moving average is $45.86. The firm has a market capitalization of $203.36 billion, a P/E ratio of 22.24 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. Oracle Corporation’s payout ratio is currently 34.55%.
A number of research analysts recently issued reports on ORCL shares. 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 target price for the company. Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Canaccord Genuity restated a “buy” rating and set a $49.00 target price on shares of Oracle Corporation in a research report on Friday, May 26th. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research report on Friday, May 19th. Finally, Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $50.81.
In other news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total transaction of $183,225.00. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $885,587.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,817,500 shares of company stock worth $91,560,925. Corporate insiders own 29.00% of the company’s stock.
About Oracle Corporation
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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