Compass Capital Management Inc. Has $19,381,000 Position in Oracle Corp. (ORCL)
Compass Capital Management Inc. raised its position in shares of Oracle Corp. (NYSE:ORCL) by 3.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 473,504 shares of the enterprise software provider’s stock after buying an additional 14,053 shares during the period. Oracle Corp. comprises about 3.7% of Compass Capital Management Inc.’s portfolio, making the stock its 20th largest position. Compass Capital Management Inc.’s holdings in Oracle Corp. were worth $19,381,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of ORCL. CIBC World Markets Inc. boosted its stake in shares of Oracle Corp. by 13.2% in the first quarter. CIBC World Markets Inc. now owns 175,654 shares of the enterprise software provider’s stock valued at $7,186,000 after buying an additional 20,529 shares in the last quarter. Hyman Charles D purchased a new stake in shares of Oracle Corp. during the first quarter valued at $7,653,000. IFP Advisors Inc boosted its stake in shares of Oracle Corp. by 7.7% in the first quarter. IFP Advisors Inc now owns 63,401 shares of the enterprise software provider’s stock valued at $2,594,000 after buying an additional 4,528 shares in the last quarter. BTC Capital Management Inc. boosted its stake in shares of Oracle Corp. by 114.1% in the first quarter. BTC Capital Management Inc. now owns 42,321 shares of the enterprise software provider’s stock valued at $1,731,000 after buying an additional 22,557 shares in the last quarter. Finally, Virginia Retirement System purchased a new stake in shares of Oracle Corp. during the first quarter valued at $21,493,000. 58.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oracle Corp. (NYSE:ORCL) traded up 0.34% on Tuesday, hitting $38.42. 7,121,851 shares of the stock were exchanged. The company has a market cap of $157.74 billion, a price-to-earnings ratio of 18.25 and a beta of 1.23. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The company has a 50 day moving average of $39.55 and a 200 day moving average of $40.18.
Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm earned $8.60 billion during the quarter. During the same quarter last year, the company earned $0.53 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Oracle Corp. will post $2.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.
Several brokerages have weighed in on ORCL. Zacks Investment Research cut shares of Oracle Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Vetr raised shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 price objective on the stock in a research note on Tuesday, September 6th. DA Davidson reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corp. in a research note on Saturday, September 17th. Cowen and Company began coverage on shares of Oracle Corp. in a research note on Thursday, June 23rd. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, Jefferies Group reissued a “buy” rating and set a $51.00 price target on shares of Oracle Corp. in a research note on Tuesday, September 13th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.26.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the sale, the director now owns 8,281 shares in the company, valued at $332,564.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the sale, the executive vice president now owns 119,645 shares in the company, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by corporate insiders.
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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