Bonness Enterprises Inc. Holds Holdings in Oracle Corporation (ORCL)
Bonness Enterprises Inc. held its position in Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,700 shares of the enterprise software provider’s stock at the close of the second quarter. Oracle Corporation makes up about 1.6% of Bonness Enterprises Inc.’s portfolio, making the stock its 22nd biggest holding. Bonness Enterprises Inc.’s holdings in Oracle Corporation were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Investment Advisors LLC boosted its holdings in shares of Oracle Corporation by 3.0% in the second quarter. Capital Investment Advisors LLC now owns 81,272 shares of the enterprise software provider’s stock worth $4,075,000 after buying an additional 2,356 shares during the last quarter. Private Trust Co. NA lifted its holdings in Oracle Corporation by 2.7% during the second quarter. Private Trust Co. NA now owns 43,748 shares of the enterprise software provider’s stock valued at $2,193,000 after purchasing an additional 1,151 shares in the last quarter. Iberiabank Corp lifted its holdings in Oracle Corporation by 17.1% during the second quarter. Iberiabank Corp now owns 53,096 shares of the enterprise software provider’s stock valued at $2,662,000 after purchasing an additional 7,745 shares in the last quarter. Gillespie Robinson & Grimm Inc. lifted its holdings in Oracle Corporation by 1.4% during the second quarter. Gillespie Robinson & Grimm Inc. now owns 564,690 shares of the enterprise software provider’s stock valued at $28,314,000 after purchasing an additional 7,735 shares in the last quarter. Finally, Atria Investments LLC lifted its holdings in Oracle Corporation by 6.8% during the second quarter. Atria Investments LLC now owns 84,018 shares of the enterprise software provider’s stock valued at $4,213,000 after purchasing an additional 5,386 shares in the last quarter. 58.64% of the stock is currently owned by institutional investors.
In related news, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark V. Hurd sold 350,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $49.76, for a total value of $17,416,000.00. Following the sale, the chief executive officer now owns 553,891 shares of the company’s stock, valued at approximately $27,561,616.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,712,500 shares of company stock valued at $86,140,450. 29.00% of the stock is owned by company insiders.
Several equities analysts have weighed in on the stock. Jefferies Group LLC lifted their price target on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, September 15th. Credit Suisse Group initiated coverage on shares of Oracle Corporation in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $61.00 target price on shares of Oracle Corporation in a report on Tuesday, July 18th. BidaskClub raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group reissued a “buy” rating and issued a $63.00 target price on shares of Oracle Corporation in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the stock. Oracle Corporation currently has an average rating of “Buy” and an average target price of $53.33.
Oracle Corporation (NYSE:ORCL) traded up 0.40% during trading on Friday, hitting $48.16. 15,341,907 shares of the stock traded hands. The company has a market cap of $200.97 billion, a P/E ratio of 20.95 and a beta of 1.05. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The company’s 50 day moving average price is $49.85 and its 200 day moving average price is $47.11.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post $2.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.
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About Oracle Corporation
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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