Oracle Corp. (ORCL) Shares Bought by HighPoint Advisor Group LLC
HighPoint Advisor Group LLC boosted its position in Oracle Corp. (NYSE:ORCL) by 17.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,817 shares of the enterprise software provider’s stock after buying an additional 2,346 shares during the period. HighPoint Advisor Group LLC’s holdings in Oracle Corp. were worth $650,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Douglas Lane & Associates LLC bought a new stake in shares of Oracle Corp. during the first quarter worth about $531,000. PGGM Investments increased its stake in shares of Oracle Corp. by 1.5% in the first quarter. PGGM Investments now owns 2,938,277 shares of the enterprise software provider’s stock worth $120,205,000 after buying an additional 42,911 shares during the period. Saddle Road Partners LLC increased its stake in shares of Oracle Corp. by 4.0% in the first quarter. Saddle Road Partners LLC now owns 99,472 shares of the enterprise software provider’s stock worth $4,069,000 after buying an additional 3,814 shares during the period. Legacy Private Trust Co. increased its stake in shares of Oracle Corp. by 0.6% in the first quarter. Legacy Private Trust Co. now owns 25,531 shares of the enterprise software provider’s stock worth $1,044,000 after buying an additional 160 shares during the period. Finally, Lincluden Management Ltd. increased its stake in shares of Oracle Corp. by 116.6% in the first quarter. Lincluden Management Ltd. now owns 204,349 shares of the enterprise software provider’s stock worth $8,360,000 after buying an additional 110,015 shares during the period. Institutional investors own 58.24% of the company’s stock.
Oracle Corp. (NYSE:ORCL) opened at 38.87 on Wednesday. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The stock has a market cap of $159.58 billion, a P/E ratio of 18.47 and a beta of 1.23. The firm’s 50-day moving average is $40.35 and its 200-day moving average is $40.36.
Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The business earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. Oracle Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, analysts forecast that Oracle Corp. will post $2.63 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.
A number of research firms have recently commented on ORCL. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $51.00 target price on shares of Oracle Corp. in a research note on Friday, July 15th. Macquarie reaffirmed an “outperform” rating on shares of Oracle Corp. in a research note on Tuesday, July 19th. Atlantic Securities cut Oracle Corp. from an “overweight” rating to a “neutral” rating and cut their target price for the company from $48.00 to $44.00 in a research note on Tuesday, July 19th. BTIG Research upped their target price on Oracle Corp. from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, July 14th. Finally, Vetr cut Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 target price on the stock. in a research note on Monday, August 15th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.76.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the transaction, the executive vice president now directly owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by insiders.
About Oracle Corp.
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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