Peoples Bank OH held its stake in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,702 shares of the enterprise software provider’s stock at the end of the first quarter. Peoples Bank OH’s holdings in Oracle Corporation were worth $656,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Reilly Financial Advisors LLC raised its stake in Oracle Corporation by 8.7% in the 1st quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 200 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the last quarter. Heritage Trust Co acquired a new position in Oracle Corporation in the 1st quarter valued at $130,000. Clean Yield Group acquired a new position in Oracle Corporation in the 1st quarter valued at $131,000. Finally, Pinnacle Bank acquired a new position in Oracle Corporation in the 1st quarter valued at $160,000. 58.67% of the stock is owned by institutional investors and hedge funds.
In other news, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the transaction, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the transaction, the executive vice president now owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock valued at $91,582,600 in the last quarter. 29.00% of the stock is currently owned by corporate insiders.
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Shares of Oracle Corporation (NYSE ORCL) traded down 7.67% during trading on Friday, reaching $48.74. The company had a trading volume of 66,367,857 shares. The firm has a 50-day moving average of $49.96 and a 200-day moving average of $46.98. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14. The company has a market cap of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter last year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.
ORCL has been the subject of several analyst reports. Wedbush restated an “outperform” rating and issued a $58.00 target price on shares of Oracle Corporation in a report on Friday. UBS AG restated a “buy” rating and issued a $57.00 target price (up from $52.00) on shares of Oracle Corporation in a report on Friday. J P Morgan Chase & Co set a $55.00 target price on Oracle Corporation and gave the company a “buy” rating in a report on Friday. Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Friday. Finally, Jefferies Group LLC upped their target price on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $52.39.
Oracle Corporation Company 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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