Northern Capital Management LLC Holds Holdings in Oracle Corporation (ORCL)
Northern Capital Management LLC held its stake in shares of Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,250 shares of the enterprise software provider’s stock at the close of the 2nd quarter. Northern Capital Management LLC’s holdings in Oracle Corporation were worth $514,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Burt Wealth Advisors boosted its stake in shares of Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the last quarter. Baystate Wealth Management LLC boosted its stake 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 worth $123,000 after acquiring an additional 206 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake 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 worth $112,000 after acquiring an additional 2,300 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Oracle Corporation in the second quarter worth approximately $129,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of Oracle Corporation by 5.0% in the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock worth $131,000 after acquiring an additional 124 shares during the last quarter. 58.09% of the stock is currently owned by institutional investors.
ORCL has been the topic of a number of research analyst reports. Vetr lowered Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 price target on shares of Oracle Corporation in a research note on Sunday, August 27th. BidaskClub raised Oracle Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Finally, ValuEngine raised Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Eleven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $54.85.
In other Oracle Corporation news, EVP Dorian Daley sold 23,297 shares of Oracle Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.00, for a total value of $1,141,553.00. Following the sale, the executive vice president now owns 54,274 shares in the company, valued at $2,659,426. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. Insiders sold 305,776 shares of company stock worth $14,821,999 in the last 90 days. Company insiders own 29.00% of the company’s stock.
Oracle Corporation (NYSE ORCL) opened at $48.58 on Friday. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14. The company has a market capitalization of $202,747.95, a P/E ratio of 19.05, a P/E/G ratio of 1.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 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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