Moody Lynn & Lieberson LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,075 shares of the enterprise software provider’s stock, valued at approximately $254,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. raised its position in shares of Oracle Corporation by 5.4% during the 2nd quarter. Shell Asset Management Co. now owns 772,543 shares of the enterprise software provider’s stock valued at $38,735,000 after buying an additional 39,485 shares during the period. Balasa Dinverno & Foltz LLC raised its position in shares of Oracle Corporation by 9.3% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 14,983 shares of the enterprise software provider’s stock valued at $751,000 after buying an additional 1,280 shares during the period. Fairbanks Capital Management Inc. purchased a new stake in shares of Oracle Corporation during the 2nd quarter valued at approximately $1,560,000. Mechanics Bank Trust Department raised its position in shares of Oracle Corporation by 0.3% during the 2nd quarter. Mechanics Bank Trust Department now owns 120,137 shares of the enterprise software provider’s stock valued at $6,024,000 after buying an additional 400 shares during the period. Finally, MCF Advisors LLC raised its position in shares of Oracle Corporation by 6.9% during the 2nd quarter. MCF Advisors LLC now owns 3,109 shares of the enterprise software provider’s stock valued at $156,000 after buying an additional 201 shares during the period. 58.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oracle Corporation (NYSE:ORCL) opened at 48.74 on Friday. The stock has a market capitalization of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The stock has a 50 day moving average of $49.96 and a 200-day moving average of $46.98.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. Equities analysts predict that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 34.55%.
In other news, Director Michael J. Boskin sold 150,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $50.69, for a total value of $7,603,500.00. Following the transaction, the director now directly owns 99,454 shares in the company, valued at approximately $5,041,323.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark V. Hurd sold 350,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the completion of the transaction, the chief executive officer now owns 553,891 shares in the company, valued at $27,561,616.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. 29.00% of the stock is owned by company insiders.
Several analysts have recently commented on ORCL shares. Bank of America Corporation reduced their price target on shares of Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, June 30th. Argus raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday, June 23rd. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. KeyCorp upgraded shares of Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a report on Wednesday, July 5th. Finally, OTR Global upgraded shares of Oracle Corporation to a “positive” rating in a report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $52.39.
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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