Fulton Bank N.A. Sells 530 Shares of Oracle Corporation (ORCL)
Fulton Bank N.A. cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,358 shares of the enterprise software provider’s stock after selling 530 shares during the quarter. Fulton Bank N.A.’s holdings in Oracle Corporation were worth $1,773,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners raised its position in Oracle Corporation by 20.1% during the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares during the last quarter. Lockheed Martin Investment Management Co. raised its position in Oracle Corporation by 21.4% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock worth $3,286,000 after buying an additional 13,000 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in Oracle Corporation during the 1st quarter worth approximately $1,522,000. Private Advisor Group LLC grew its stake in shares of Oracle Corporation by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 100,194 shares of the enterprise software provider’s stock worth $4,459,000 after purchasing an additional 10,588 shares during the period. Finally, Pinnacle Financial Partners Inc. grew its stake in shares of Oracle Corporation by 3.2% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 104,379 shares of the enterprise software provider’s stock worth $4,656,000 after purchasing an additional 3,246 shares during the period. 58.64% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on ORCL shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Monday, September 11th. Vetr cut shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective on the stock. in a research note on Tuesday, September 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $54.00 price objective on shares of Oracle Corporation in a research note on Tuesday, June 13th. BTIG Research reaffirmed a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research note on Tuesday. Finally, Moffett Nathanson started coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $53.33.
In other news, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the sale, the executive vice president now owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark V. Hurd sold 350,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 553,891 shares in the company, valued at approximately $27,561,616.16. The disclosure for this sale can be found here. Insiders have sold a total of 1,712,500 shares of company stock worth $86,140,450 in the last ninety days. 29.00% of the stock is owned by company insiders.
Oracle Corporation (NYSE:ORCL) traded up 0.40% on Friday, reaching $48.16. The company’s stock had a trading volume of 15,341,907 shares. The firm has a 50-day moving average price of $49.85 and a 200 day moving average price of $47.11. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The firm has a market capitalization of $200.97 billion, a P/E ratio of 20.95 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. Equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders 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 currently 33.19%.
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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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