WealthTrust Axiom LLC Has $226,000 Stake in Oracle Corp. (ORCL)
WealthTrust Axiom LLC maintained its stake in shares of Oracle Corp. (NYSE:ORCL) during the second quarter, Holdings Channel reports. The firm owned 5,540 shares of the enterprise software provider’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in Oracle Corp. were worth $226,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Bollard Group LLC raised its position in shares of Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares during the period. Asset Dedication LLC raised its position in shares of Oracle Corp. by 0.6% in the second quarter. Asset Dedication LLC now owns 18,262 shares of the enterprise software provider’s stock worth $739,000 after buying an additional 100 shares during the last quarter. Murphy Capital Management Inc. raised its position in shares of Oracle Corp. by 0.7% in the second quarter. Murphy Capital Management Inc. now owns 19,210 shares of the enterprise software provider’s stock worth $786,000 after buying an additional 135 shares during the last quarter. Legacy Private Trust Co. raised its position 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 last quarter. Finally, Hall Laurie J Trustee raised its position in shares of Oracle Corp. by 1.7% in the second quarter. Hall Laurie J Trustee now owns 10,050 shares of the enterprise software provider’s stock worth $410,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 58.24% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded down 0.03% during mid-day trading on Friday, reaching $38.71. The company had a trading volume of 11,442,032 shares. The firm has a market capitalization of $158.93 billion, a PE ratio of 18.39 and a beta of 1.23. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00. The stock’s 50-day moving average price is $40.15 and its 200 day moving average price is $40.32.
Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm earned $8.60 billion during the quarter. During the same quarter in the prior year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corp. will post $2.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a $0.15 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.55%. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.
A number of brokerages have recently weighed in on ORCL. Zacks Investment Research lowered Oracle Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Vetr raised Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 target price on the stock in a research report on Tuesday, September 6th. DA Davidson reaffirmed a “buy” rating and set a $52.00 target price on shares of Oracle Corp. in a research report on Saturday, September 17th. Cowen and Company began coverage on Oracle Corp. in a research report on Thursday, June 23rd. They set an “outperform” rating and a $46.00 target price on the stock. Finally, Credit Agricole SA reaffirmed a “sell” rating on shares of Oracle Corp. in a research report on Friday, June 17th. Four investment 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 company’s stock. The stock has an average rating of “Buy” and an average price target of $44.76.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $41.78, for a total value of $156,675.00. Following the sale, the director now directly owns 8,281 shares in the company, valued at approximately $345,980.18. The disclosure for this sale can be found here. 29.00% of the stock is owned by corporate insiders.
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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