Trust Co. of Toledo NA OH raised its stake in shares of Oracle Corp. (NYSE:ORCL) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,794 shares of the enterprise software provider’s stock after buying an additional 1,740 shares during the period. Oracle Corp. comprises 1.0% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 25th largest position. Trust Co. of Toledo NA OH’s holdings in Oracle Corp. were worth $3,430,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in ORCL. PM CAPITAL Ltd acquired a new stake in shares of Oracle Corp. during the first quarter valued at about $34,143,000. Raymond James Trust N.A. raised its stake in shares of Oracle Corp. by 6.7% in the first quarter. Raymond James Trust N.A. now owns 89,552 shares of the enterprise software provider’s stock valued at $3,664,000 after buying an additional 5,633 shares during the period. City Holding Co. raised its stake in shares of Oracle Corp. by 8.7% in the first quarter. City Holding Co. now owns 19,151 shares of the enterprise software provider’s stock valued at $783,000 after buying an additional 1,532 shares during the period. Carroll Financial Associates Inc. raised its stake in shares of Oracle Corp. by 10.5% in the first quarter. Carroll Financial Associates Inc. now owns 12,417 shares of the enterprise software provider’s stock valued at $507,000 after buying an additional 1,184 shares during the period. Finally, HHG & Company LLC raised its stake in shares of Oracle Corp. by 1.2% in the first quarter. HHG & Company LLC now owns 70,287 shares of the enterprise software provider’s stock valued at $2,875,000 after buying an additional 858 shares during the period. 58.00% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corp. (NYSE:ORCL) traded up 0.41% on Friday, reaching $39.28. The company’s stock had a trading volume of 12,861,882 shares. The stock’s 50 day moving average price is $40.48 and its 200 day moving average price is $40.37. The firm has a market cap of $161.27 billion, a PE ratio of 18.66 and a beta of 1.08. 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 results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 had revenue of $8.60 billion for the quarter. During the same quarter in the previous year, the company earned $0.53 earnings per share. Oracle Corp.’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. 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 1.53%. Oracle Corp.’s dividend payout ratio is presently 28.57%.
Several brokerages have issued reports on ORCL. Sanford C. Bernstein reissued an “outperform” rating and issued a $51.00 price target on shares of Oracle Corp. in a report on Friday, July 15th. Macquarie restated an “outperform” rating on shares of Oracle Corp. in a research note on Tuesday, July 19th. Atlantic Securities downgraded shares of Oracle Corp. from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $44.00 in a research note on Tuesday, July 19th. BTIG Research boosted their target price on shares of Oracle Corp. from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, July 14th. Finally, Vetr downgraded shares of Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 target price on the stock. in a research note on Monday, August 15th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $44.76.
In related news, EVP Dorian Daley sold 16,065 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the sale, the executive vice president now owns 25,000 shares of the company’s stock, valued at approximately $990,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total value of $156,675.00. Following 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. Insiders own 28.00% of the company’s stock.
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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