NTV Asset Management LLC Has $252,000 Stake in Oracle Corporation (ORCL)

NTV Asset Management LLC held its stake in Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,030 shares of the enterprise software provider’s stock at the end of the 2nd quarter. NTV Asset Management LLC’s holdings in Oracle Corporation were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Alpha Windward LLC lifted its position in Oracle Corporation by 0.3% during the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after buying an additional 19 shares during the period. Joel Isaacson & Co. LLC lifted its position in Oracle Corporation by 0.3% during the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after buying an additional 24 shares during the period. Partnervest Advisory Services LLC lifted its position in Oracle Corporation by 0.6% during the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after buying an additional 39 shares during the period. Pointe Capital Management LLC lifted its position in Oracle Corporation by 0.4% during the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after buying an additional 45 shares during the period. Finally, Bell Bank lifted its position in Oracle Corporation by 0.9% during the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after buying an additional 57 shares during the period. 58.05% of the stock is owned by institutional investors.

Oracle Corporation (ORCL) opened at $49.20 on Wednesday. The firm has a market capitalization of $206,170.20, a P/E ratio of 19.37, a PEG ratio of 1.88 and a beta of 1.07. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 12-month low of $37.64 and a 12-month high of $53.14.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

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In other Oracle Corporation news, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold a total of 302,026 shares of company stock worth $14,638,887 in the last ninety days. 29.00% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on Oracle Corporation in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price target for the company. Vetr lowered Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a research report on Sunday, September 3rd. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. ValuEngine raised Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. Twelve equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $55.05.

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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Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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