Oracle Corporation (ORCL) Shares Sold by Nadler Financial Group Inc.
Nadler Financial Group Inc. lessened its holdings in shares of Oracle Corporation (NYSE:ORCL) by 3.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 31,931 shares of the enterprise software provider’s stock after selling 980 shares during the period. Oracle Corporation makes up approximately 0.5% of Nadler Financial Group Inc.’s holdings, making the stock its 20th largest position. Nadler Financial Group Inc.’s holdings in Oracle Corporation were worth $1,601,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Oracle Corporation by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Oracle Corporation during the 2nd quarter valued at about $129,000. TrimTabs Asset Management LLC boosted its position in shares of Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after acquiring an additional 1,264 shares in the last quarter. Heritage Trust Co acquired a new stake in shares of Oracle Corporation during the 1st quarter valued at about $130,000. Finally, Clean Yield Group bought a new stake in Oracle Corporation in the first quarter valued at about $131,000. 58.66% of the stock is owned by institutional investors and hedge funds.
In related news, Director George H. Conrades sold 56,250 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $48.22, for a total transaction of $2,712,375.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $482,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the transaction, the insider now directly owns 783,533 shares in the company, valued at $39,537,075.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,162,026 shares of company stock worth $58,034,049 over the last ninety days. Insiders own 29.00% of the company’s stock.
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Several research analysts recently issued reports on the stock. OTR Global raised shares of Oracle Corporation to a “positive” rating in a research report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a $49.00 price objective on Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 12th. Wedbush lowered their price objective on Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 13th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 price objective on shares of Oracle Corporation in a research note on Tuesday, June 13th. Finally, BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $53.33.
Oracle Corporation (ORCL) traded up 0.66% on Monday, hitting $48.67. 12,535,550 shares of the stock traded hands. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The stock has a 50 day moving average of $49.85 and a 200 day moving average of $47.11. The firm has a market capitalization of $203.10 billion, a PE ratio of 21.17 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. Equities research analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current 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 paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
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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