Mcmillion Capital Management Inc. Has $3.30 Million Holdings in Oracle Corporation (ORCL)
Mcmillion Capital Management Inc. cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,823 shares of the enterprise software provider’s stock after selling 50 shares during the quarter. Oracle Corporation makes up 2.2% of Mcmillion Capital Management Inc.’s portfolio, making the stock its 18th largest position. Mcmillion Capital Management Inc.’s holdings in Oracle Corporation were worth $3,300,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Burt Wealth Advisors lifted its position in Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC lifted its position in 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 worth $120,000 after buying an additional 1,264 shares in the last quarter. Baystate Wealth Management LLC lifted its position in Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Oracle Corporation during the 2nd quarter worth about $129,000. 58.09% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on ORCL shares. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a research report on Monday, September 11th. Vetr lowered shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective on the stock. in a research note on Tuesday, September 12th. Canaccord Genuity assumed coverage on shares of Oracle Corporation in a research note on Friday, October 6th. They set a “buy” rating and a $57.00 price objective on the stock. BTIG Research restated a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Tuesday, September 19th. Finally, Moffett Nathanson assumed coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Oracle Corporation presently has an average rating of “Buy” and an average target price of $54.85.
In other news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is currently owned by corporate insiders.
Shares of Oracle Corporation (NYSE:ORCL) opened at $49.02 on Tuesday. Oracle Corporation has a 12-month low of $37.64 and a 12-month 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 firm has a market cap of $204,580.00, a price-to-earnings ratio of 19.19, a PEG ratio of 1.86 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the company posted $0.55 earnings per share. Oracle Corporation’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Tuesday, October 10th. 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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