Ray Gerald L & Associates Ltd. Continues to Hold Stake in Oracle Corporation (ORCL)
Ray Gerald L & Associates Ltd. continued to hold its position in shares of Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,216 shares of the enterprise software provider’s stock at the end of the 2nd quarter. Ray Gerald L & Associates Ltd.’s holdings in Oracle Corporation were worth $613,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Burt Wealth Advisors raised its stake in Oracle Corporation by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised 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 valued at $112,000 after buying an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC raised 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 valued at $120,000 after buying an additional 1,264 shares during the last quarter. Baystate Wealth Management LLC raised its stake in Oracle Corporation by 9.2% during the second 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 last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Oracle Corporation during the second quarter valued at $129,000. Institutional investors own 58.05% of the company’s stock.
In other news, EVP Dorian Daley sold 25,776 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the sale, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,776 shares of company stock worth $14,821,999. Company insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) opened at $49.20 on Friday. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The stock has a market capitalization of $203,749.58, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. equities research analysts predict that Oracle Corporation will post 2.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were issued a $0.19 dividend. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. Oracle Corporation’s payout ratio is 33.19%.
A number of brokerages have issued reports on ORCL. Moffett Nathanson began coverage on Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective for the company. Vetr upgraded Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 price objective for the company in a research note on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, August 18th. Finally, BidaskClub cut Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Eleven equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.95.
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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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