Radnor Capital Management LLC held its stake in Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the enterprise software provider’s stock at the end of the second quarter. Radnor Capital Management LLC’s holdings in Oracle Corporation were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Alpha Windward LLC increased its holdings in shares of Oracle Corporation by 0.3% in the 2nd quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after acquiring an additional 19 shares during the period. Joel Isaacson & Co. LLC increased its stake in Oracle Corporation by 0.3% in the 2nd 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 increased its stake in Oracle Corporation by 0.6% in the 2nd 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 increased its stake in Oracle Corporation by 0.4% in the 1st 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 increased its stake in Oracle Corporation by 0.9% in the 1st 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. 58.09% of the stock is currently owned by institutional investors and hedge funds.
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In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction that occurred 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. Over the last quarter, insiders have sold 305,776 shares of company stock valued at $14,821,999. Company insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) opened at $48.63 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14. The stock has a market cap of $204,584.28, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. equities research analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.
Several equities analysts have issued reports on the stock. Jefferies Group LLC boosted their price objective on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Oracle Corporation in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective on the stock. Vetr raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective on the stock in a research note on Monday, November 13th. Zacks Investment Research cut shares of Oracle Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Finally, BidaskClub raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $54.85.
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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