Northside Capital Management LLC Has $461,000 Position in Oracle Corp. (ORCL)
Northside Capital Management LLC held its position in shares of Oracle Corp. (NYSE:ORCL) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,263 shares of the enterprise software provider’s stock at the end of the second quarter. Northside Capital Management LLC’s holdings in Oracle Corp. were worth $461,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ORCL. Cribstone Capital Management LLC acquired a new position in Oracle Corp. during the second quarter worth approximately $102,000. FCM Investments TX raised its position in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Ironwood Financial llc purchased a new position in Oracle Corp. during the first quarter valued at approximately $147,000. Gardner Russo & Gardner LLC purchased a new position in Oracle Corp. during the first quarter valued at approximately $205,000. Finally, Natixis purchased a new position in Oracle Corp. during the first quarter valued at approximately $230,000. 58.24% of the stock is currently owned by institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) traded up 1.00% during trading on Friday, hitting $38.41. The stock had a trading volume of 11,601,173 shares. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The stock has a 50-day moving average price of $39.72 and a 200 day moving average price of $40.22. The company has a market cap of $157.69 billion, a P/E ratio of 18.25 and a beta of 1.23.
Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities analysts expect that Oracle Corp. will post $2.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is currently 28.57%.
Several equities analysts have commented on ORCL shares. DA Davidson set a $52.00 target price on shares of Oracle Corp. and gave the company a “buy” rating in a report on Tuesday. BTIG Research reissued a “buy” rating and issued a $47.00 target price on shares of Oracle Corp. in a report on Monday, August 22nd. Vetr lowered shares of Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 target price on the stock. in a report on Wednesday, September 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $41.00 target price on shares of Oracle Corp. in a report on Thursday, September 15th. Finally, Cowen and Company reissued an “outperform” rating and issued a $46.00 target price on shares of Oracle Corp. in a report on Monday, September 26th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.26.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dorian Daley sold 16,065 shares of the company’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 completion of the sale, the executive vice president now owns 25,000 shares of the company’s stock, valued at $990,250. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.
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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