BDO Wealth Advisors LLC bought a new stake in Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,325 shares of the enterprise software provider’s stock, valued at approximately $267,000.
Several other hedge funds have also modified their holdings of ORCL. Eagle Ridge Investment Management raised its stake in shares of Oracle Corporation by 0.9% in the 1st quarter. Eagle Ridge Investment Management now owns 11,400 shares of the enterprise software provider’s stock valued at $509,000 after acquiring an additional 100 shares during the period. Cypress Capital Management LLC raised its stake in shares of Oracle Corporation by 3.6% in the 1st quarter. Cypress Capital Management LLC now owns 194,988 shares of the enterprise software provider’s stock valued at $8,698,000 after acquiring an additional 6,739 shares during the period. Rhumbline Advisers raised its stake in shares of Oracle Corporation by 2.3% in the 1st quarter. Rhumbline Advisers now owns 5,356,466 shares of the enterprise software provider’s stock valued at $238,952,000 after acquiring an additional 122,747 shares during the period. Elkhorn Investments LLC purchased a new position in shares of Oracle Corporation in the 1st quarter valued at $1,185,000. Finally, First Trust Advisors LP raised its stake in shares of Oracle Corporation by 17.8% in the 1st quarter. First Trust Advisors LP now owns 1,893,981 shares of the enterprise software provider’s stock valued at $84,490,000 after acquiring an additional 286,202 shares during the period. 58.05% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation (NYSE ORCL) opened at $49.32 on Monday. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $205,836.33, a P/E ratio of 19.34, a P/E/G ratio of 1.88 and a beta of 1.07. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. equities analysts anticipate that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
In other Oracle Corporation news, EVP Dorian Daley sold 76,703 shares of Oracle Corporation stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $48.70, for a total transaction of $182,625.00. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock valued at $14,822,112 over the last quarter. Corporate insiders own 29.00% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC raised their price target on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Oracle Corporation in a report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price target for the company. Vetr raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price target for the company in a report on Monday. Zacks Investment Research lowered shares of Oracle Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $61.00 price target on shares of Oracle Corporation in a report on Tuesday, July 18th. Twelve research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. Oracle Corporation currently has a consensus rating of “Buy” and an average target price of $55.05.
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Oracle Corporation 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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