Oracle Corp. (ORCL) is Tufton Capital Management’s 4th Largest Position
Tufton Capital Management decreased its position in shares of Oracle Corp. (NYSE:ORCL) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 286,413 shares of the enterprise software provider’s stock after selling 10,775 shares during the period. Oracle Corp. comprises about 2.4% of Tufton Capital Management’s investment portfolio, making the stock its 4th largest position. Tufton Capital Management’s holdings in Oracle Corp. were worth $11,723,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of ORCL. DAVENPORT & Co LLC increased its stake in Oracle Corp. by 778.5% in the first quarter. DAVENPORT & Co LLC now owns 788,529 shares of the enterprise software provider’s stock valued at $32,259,000 after buying an additional 698,771 shares during the last quarter. Acropolis Investment Management LLC increased its stake in Oracle Corp. by 12.6% in the first quarter. Acropolis Investment Management LLC now owns 13,880 shares of the enterprise software provider’s stock valued at $568,000 after buying an additional 1,555 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in Oracle Corp. during the first quarter valued at $531,000. PGGM Investments increased its stake in Oracle Corp. by 1.5% in the first quarter. PGGM Investments now owns 2,938,277 shares of the enterprise software provider’s stock valued at $120,205,000 after buying an additional 42,911 shares during the last quarter. Finally, Saddle Road Partners LLC increased its stake in 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 valued at $4,069,000 after buying an additional 3,814 shares during the last quarter. 58.24% of the stock is owned by hedge funds and other institutional investors.
Oracle Corp. (NYSE:ORCL) traded down 0.03% during trading on Friday, hitting $38.71. The stock had a trading volume of 11,442,032 shares. The stock’s 50-day moving average is $40.15 and its 200 day moving average is $40.32. The firm has a market cap of $158.93 billion, a price-to-earnings ratio of 18.39 and a beta of 1.23. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00.
Oracle Corp. (NYSE:ORCL) last posted its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Equities analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. Oracle Corp.’s payout ratio is 28.57%.
Several analysts recently weighed in on ORCL shares. BTIG Research restated a “buy” rating and issued a $47.00 price objective on shares of Oracle Corp. in a report on Monday, August 22nd. Vetr downgraded shares of Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 target price for the company. in a report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $41.00 target price on shares of Oracle Corp. in a report on Thursday, September 15th. Cowen and Company reiterated an “outperform” rating and issued a $46.00 target price on shares of Oracle Corp. in a report on Monday, September 26th. Finally, Stifel Nicolaus reduced their target price on shares of Oracle Corp. from $48.00 to $45.00 and set a “buy” rating for the company in a report on Friday, September 23rd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Oracle Corp. presently has an average rating of “Buy” and an average target price of $44.76.
In other Oracle Corp. news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the sale, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the sale, the executive vice president now owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. Company insiders own 29.00% of the company’s stock.
Oracle Corp. 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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