San Francisco Sentry Investment Group CA increased its stake in shares of Oracle Corp. (NYSE:ORCL) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 23,562 shares of the enterprise software provider’s stock after buying an additional 14 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Oracle Corp. were worth $964,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. raised its position in shares of Oracle Corp. by 21.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 49,683 shares of the enterprise software provider’s stock valued at $2,033,000 after buying an additional 8,658 shares in the last quarter. Swarthmore Group Inc. raised its position in shares of Oracle Corp. by 3,586.0% in the first quarter. Swarthmore Group Inc. now owns 584,225 shares of the enterprise software provider’s stock valued at $23,901,000 after buying an additional 568,375 shares in the last quarter. Brookstone Capital Management raised its position in shares of 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 in the last quarter. Manning & Napier Advisors LLC raised its position in shares of 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 in the last quarter. Finally, Quotient Investors LLC raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.625% on Monday, hitting $38.985. The stock had a trading volume of 3,200,686 shares. The firm has a market cap of $160.06 billion, a PE ratio of 18.520 and a beta of 1.08. The firm’s 50-day moving average price is $40.75 and its 200 day moving average price 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 net margin of 24.16% and a return on equity of 22.10%. The firm earned $8.60 billion during the quarter. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts predict that Oracle Corp. will post $2.63 EPS 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. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. Oracle Corp.’s payout ratio is presently 28.57%.
ORCL has been the subject of several recent analyst reports. Cowen and Company set a $46.00 price target on Oracle Corp. and gave the stock a “buy” rating in a research report on Friday, September 16th. BTIG Research reaffirmed a “buy” rating and issued a $44.00 price target on shares of Oracle Corp. in a research report on Friday, June 17th. Vetr lowered Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price target for the company. in a research report on Wednesday, September 7th. DA Davidson initiated coverage on Oracle Corp. in a research report on Monday, August 8th. They issued a “buy” rating for the company. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $41.00 price target on shares of Oracle Corp. in a research report on Friday, September 16th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Oracle Corp. currently has an average rating of “Buy” and a consensus target price of $44.86.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the transaction, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. 28.00% of the stock is owned by 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.
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