Sentinel Trust Co. LBA Increases Stake in Oracle Corporation (NYSE:ORCL)
Sentinel Trust Co. LBA boosted its stake in Oracle Corporation (NYSE:ORCL) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 19,041 shares of the enterprise software provider’s stock after buying an additional 60 shares during the period. Sentinel Trust Co. LBA’s holdings in Oracle Corporation were worth $955,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of ORCL. Reilly Financial Advisors LLC raised its stake in Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the period. Gradient Investments LLC raised its stake in Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares during the period. TrimTabs Asset Management LLC raised its stake in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in Oracle Corporation during the second quarter worth $129,000. 58.77% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (NYSE ORCL) traded down 0.08% on Tuesday, hitting $49.60. The stock had a trading volume of 3,187,712 shares. The stock has a market cap of $205.18 billion, a P/E ratio of 22.44 and a beta of 1.06. The company’s 50 day moving average is $49.35 and its 200-day moving average is $44.95. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Oracle Corporation will post $2.96 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. Oracle Corporation’s payout ratio is 34.55%.
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A number of analysts have recently weighed in on ORCL shares. Wedbush reissued a “neutral” rating and set a $43.00 price objective on shares of Oracle Corporation in a research note on Thursday, April 13th. Benchmark Co. started coverage on Oracle Corporation in a research note on Thursday, April 27th. They set a “buy” rating and a $55.00 price objective for the company. Vetr lowered Oracle Corporation from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research note on Thursday, May 4th. Societe Generale lowered Oracle Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $51.00 to $50.00 in a research note on Thursday, May 11th. Finally, Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, May 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $50.70.
In other news, insider Thomas Kurian sold 750,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $45.25, for a total value of $169,687.50. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at approximately $374,715.25. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock worth $91,547,388 in the last 90 days. Company insiders own 29.00% of the company’s stock.
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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