Capital Analysts LLC raised its stake in Oracle Corporation (NYSE:ORCL) by 1,184.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,368 shares of the enterprise software provider’s stock after purchasing an additional 64,891 shares during the period. Oracle Corporation makes up approximately 0.5% of Capital Analysts LLC’s holdings, making the stock its 28th biggest position. Capital Analysts LLC’s holdings in Oracle Corporation were worth $3,528,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Alpha Windward LLC lifted its holdings in shares of Oracle Corporation by 0.3% during the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock worth $279,000 after acquiring an additional 19 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in shares of Oracle Corporation by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after acquiring an additional 24 shares during the period. Partnervest Advisory Services LLC lifted its holdings in shares of Oracle Corporation by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares during the period. Pointe Capital Management LLC lifted its holdings in shares of Oracle Corporation by 0.4% during the 1st quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock worth $524,000 after acquiring an additional 45 shares during the period. Finally, Bell Bank lifted its holdings in shares of Oracle Corporation by 0.9% during the 1st quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after acquiring an additional 57 shares during the period. 58.05% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday. Vetr raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective for the company in a report on Monday. UBS AG reaffirmed a “neutral” rating and set a $55.00 price objective (down from $57.00) on shares of Oracle Corporation in a report on Thursday, November 9th. BidaskClub downgraded shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle Corporation in a report on Sunday, October 22nd. Eleven investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Oracle Corporation currently has an average rating of “Buy” and a consensus price target of $54.95.
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Shares of Oracle Corporation (ORCL) opened at $48.82 on Thursday. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle Corporation has a fifty-two week low of $37.64 and a fifty-two week high of $53.14. The stock has a market cap of $205,335.50, a P/E ratio of 19.29, a PEG ratio of 1.87 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. sell-side analysts predict that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle Corporation’s payout ratio is 33.19%.
In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the transaction, the executive vice president now owns 30,977 shares in the company, valued at $1,488,444.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,026 shares of company stock worth $14,638,887. 29.00% of the stock is owned by corporate insiders.
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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