Oracle Corporation (ORCL) Position Boosted by Nwam LLC
Nwam LLC increased its position in shares of Oracle Corporation (NYSE:ORCL) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,745 shares of the enterprise software provider’s stock after buying an additional 879 shares during the period. Nwam LLC’s holdings in Oracle Corporation were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC increased its holdings in shares of Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the last quarter. Baystate Wealth Management LLC increased its holdings in shares of Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after purchasing an additional 206 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Oracle Corporation in the second quarter valued at $129,000. Finally, Heritage Trust Co acquired a new position in shares of Oracle Corporation in the first quarter valued at $130,000. Hedge funds and other institutional investors own 58.66% of the company’s stock.
In related news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 76,703 shares of the company’s 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,055,776 shares of company stock valued at $52,673,112. 29.00% of the stock is owned by corporate insiders.
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Shares of Oracle Corporation (ORCL) opened at 48.40 on Friday. The stock’s 50 day moving average is $49.52 and its 200 day moving average is $47.52. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The firm has a market cap of $201.98 billion, a P/E ratio of 21.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The company 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%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. Equities research analysts expect that Oracle Corporation will post $2.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.57%. Oracle Corporation’s dividend payout ratio is presently 33.19%.
Several research firms have commented on ORCL. Canaccord Genuity began coverage on shares of Oracle Corporation in a report on Friday. They issued a “buy” rating and a $57.00 price objective on the stock. Goldman Sachs Group, Inc. (The) set a $56.00 price objective on shares of Oracle Corporation and gave the company a “buy” rating in a report on Friday. KeyCorp reiterated a “buy” rating on shares of Oracle Corporation in a report on Wednesday. Piper Jaffray Companies began coverage on shares of Oracle Corporation in a report on Wednesday. They issued an “overweight” rating and a $55.00 price objective on the stock. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price objective on shares of Oracle Corporation in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $53.37.
Oracle Corporation 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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