Budros Ruhlin & Roe Inc. lessened its stake in Oracle Corporation (NYSE:ORCL) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,201 shares of the enterprise software provider’s stock after selling 330 shares during the quarter. Budros Ruhlin & Roe Inc.’s holdings in Oracle Corporation were worth $211,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. grew its stake in shares of Oracle Corporation by 9.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 35,336 shares of the enterprise software provider’s stock valued at $1,772,000 after buying an additional 3,192 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in Oracle Corporation by 67.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,961 shares of the enterprise software provider’s stock worth $349,000 after buying an additional 2,803 shares during the last quarter. ARGI Investment Services LLC lifted its holdings in Oracle Corporation by 1.0% during the 2nd quarter. ARGI Investment Services LLC now owns 9,860 shares of the enterprise software provider’s stock worth $481,000 after buying an additional 94 shares during the last quarter. Covington Investment Advisors Inc. lifted its holdings in Oracle Corporation by 2.4% during the 2nd quarter. Covington Investment Advisors Inc. now owns 97,245 shares of the enterprise software provider’s stock worth $4,876,000 after buying an additional 2,235 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC purchased a new stake in Oracle Corporation during the 2nd quarter worth about $205,000. 58.09% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is owned by corporate insiders.
Shares of Oracle Corporation (NYSE:ORCL) opened at $48.94 on Monday. The stock has a market capitalization of $204,250.39, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.86 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 fifty-two week low of $37.64 and a fifty-two week high of $53.14.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. sell-side analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is currently 33.19%.
Several equities analysts have issued reports on ORCL shares. Jefferies Group LLC boosted their target price on Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Credit Suisse Group initiated coverage on Oracle Corporation in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 target price on the stock. Vetr raised Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price target on the stock in a research note on Monday, November 13th. Zacks Investment Research lowered Oracle Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, BidaskClub raised Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $54.95.
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Oracle Corporation Profile
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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