Gofen & Glossberg LLC IL Increases Stock Position in Oracle Co. (NYSE:ORCL)

Gofen & Glossberg LLC IL raised its position in shares of Oracle Co. (NYSE:ORCLGet Rating) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,581 shares of the enterprise software provider’s stock after buying an additional 396 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Oracle were worth $3,883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Financial Group LLC bought a new position in shares of Oracle during the first quarter valued at $33,000. Ulland Investment Advisors LLC increased its holdings in shares of Oracle by 469.0% during the first quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock valued at $33,000 after acquiring an additional 333 shares in the last quarter. Bivin & Associates Inc. bought a new position in shares of Oracle during the fourth quarter valued at $35,000. Western Pacific Wealth Management LP bought a new position in shares of Oracle during the fourth quarter valued at $43,000. Finally, Exane Derivatives bought a new position in shares of Oracle during the first quarter valued at $58,000. Hedge funds and other institutional investors own 41.92% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, insider Edward Screven sold 419,174 shares of the stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the sale, the insider now owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.10% of the company’s stock.

Oracle Trading Down 1.1 %

NYSE ORCL opened at $66.03 on Friday. The stock’s 50 day moving average is $74.89 and its 200 day moving average is $74.58. Oracle Co. has a 12 month low of $63.76 and a 12 month high of $106.34. The stock has a market cap of $177.99 billion, a PE ratio of 31.44, a P/E/G ratio of 2.02 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last posted its earnings results on Monday, September 12th. The enterprise software provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). The firm had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.44 billion. Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. Oracle’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, analysts forecast that Oracle Co. will post 4.13 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 11th. This represents a $1.28 annualized dividend and a yield of 1.94%. Oracle’s payout ratio is currently 60.95%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORCL shares. Jefferies Financial Group set a $80.00 price target on Oracle in a report on Tuesday, September 13th. Daiwa Capital Markets reduced their price target on Oracle from $87.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, June 27th. BMO Capital Markets lifted their price objective on Oracle from $86.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, September 13th. Cowen reduced their price objective on Oracle from $107.00 to $98.00 in a report on Thursday, June 9th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $75.00 price objective on shares of Oracle in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.67.

About Oracle

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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