Brighton Jones LLC purchased a new stake in Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,067 shares of the enterprise software provider’s stock, valued at approximately $1,508,000.
Other hedge funds have also added to or reduced their stakes in the company. Biegel & Waller LLC lifted its stake in shares of Oracle Corporation by 35.6% during the second quarter. Biegel & Waller LLC now owns 7,613 shares of the enterprise software provider’s stock valued at $382,000 after buying an additional 2,000 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Oracle Corporation by 3.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 223,392 shares of the enterprise software provider’s stock valued at $11,201,000 after buying an additional 7,563 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Oracle Corporation by 0.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,778,225 shares of the enterprise software provider’s stock valued at $89,160,000 after buying an additional 13,005 shares during the period. Hudock Capital Group LLC lifted its stake in shares of Oracle Corporation by 1.6% during the second quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock valued at $203,000 after buying an additional 65 shares during the period. Finally, Capital Planning Advisors LLC lifted its stake in shares of Oracle Corporation by 7.8% during the second quarter. Capital Planning Advisors LLC now owns 86,595 shares of the enterprise software provider’s stock valued at $4,342,000 after buying an additional 6,272 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) opened at $49.20 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The stock has a market cap of $206,170.20, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. Oracle Corporation has a one year low of $37.64 and a one 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 research analysts predict 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 of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $48.70, for a total value of $182,625.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 76,703 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The disclosure for this sale can be found here. Insiders sold 302,026 shares of company stock valued at $14,638,887 over the last quarter. Corporate insiders own 29.00% of the company’s stock.
A number of equities analysts have weighed in on the stock. Vetr raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price target on the stock in a research note on Monday. UBS AG reaffirmed a “neutral” rating and set a $55.00 price target (down previously from $57.00) on shares of Oracle Corporation in a research note on Thursday, November 9th. BidaskClub downgraded shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Zacks Investment Research raised shares of Oracle Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle Corporation in a research note on Sunday, October 22nd. Twelve research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Oracle Corporation has an average rating of “Buy” and an average price target of $55.05.
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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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