Oracle Corporation (ORCL) Holdings Maintained by Wedgewood Investors Inc. PA
Wedgewood Investors Inc. PA maintained its stake in shares of Oracle Corporation (NYSE:ORCL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,537 shares of the enterprise software provider’s stock at the close of the second quarter. Wedgewood Investors Inc. PA’s holdings in Oracle Corporation were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Baystate Wealth Management LLC boosted its stake in shares of Oracle Corporation by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 206 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Oracle Corporation during the second quarter worth approximately $129,000. Cribstone Capital Management LLC lifted its stake in Oracle Corporation by 5.0% during the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock worth $131,000 after purchasing an additional 124 shares during the last quarter. Finally, TrimTabs Asset Management LLC lifted its stake in Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the last quarter. Institutional investors and hedge funds own 57.83% of the company’s stock.
Several equities research analysts recently weighed in on the company. UBS AG restated a “buy” rating and set a $52.00 target price (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Wedbush upgraded Oracle Corporation from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. BMO Capital Markets boosted their target price on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Moffett Nathanson assumed coverage on Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. Finally, Vetr upgraded Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 target price for the company in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have issued a buy rating to the company. Oracle Corporation presently has an average rating of “Buy” and a consensus target price of $53.37.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.30, for a total transaction of $188,625.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $911,687.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,055,776 shares of company stock valued at $52,673,112. 29.00% of the stock is currently owned by insiders.
Oracle Corporation (NYSE:ORCL) opened at 48.61 on Friday. The stock has a market capitalization of $202.85 billion, a P/E ratio of 21.14 and a beta of 1.05. The company’s 50-day moving average price is $49.42 and its 200 day moving average price is $47.64. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 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 analysts’ expectations 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 last year, the firm posted $0.55 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
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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