Joel Isaacson & Co. LLC Purchases 24 Shares of Oracle Corporation (ORCL)
Joel Isaacson & Co. LLC boosted its position in Oracle Corporation (NYSE:ORCL) by 0.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,197 shares of the enterprise software provider’s stock after buying an additional 24 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Oracle Corporation were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position 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 last quarter. TrimTabs Asset Management LLC increased its position 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 last quarter. Baystate Wealth Management LLC increased its position in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Oracle Corporation in the second quarter worth $129,000. Finally, Heritage Trust Co purchased a new stake in Oracle Corporation in the first quarter worth $130,000. 57.83% of the stock is owned by institutional investors and hedge funds.
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Shares of Oracle Corporation (ORCL) opened at 49.35 on Friday. The stock has a 50 day moving average price of $49.40 and a 200-day moving average price of $47.77. The company has a market capitalization of $205.94 billion, a PE ratio of 21.47 and a beta of 1.05. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. Analysts forecast that Oracle Corporation will post $2.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.
In related news, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,776 shares of company stock worth $14,822,112. 29.00% of the stock is currently owned by corporate insiders.
ORCL has been the subject of a number of analyst reports. Bank of America Corporation cut their price target on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a report on Friday, June 30th. Credit Suisse Group initiated coverage on Oracle Corporation in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price target for the company. Vetr lowered Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a report on Sunday, September 3rd. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, Argus raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.37.
Oracle Corporation 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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