Capital Investment Advisors LLC Acquires 998 Shares of Oracle Corp. (ORCL)
Capital Investment Advisors LLC boosted its stake in shares of Oracle Corp. (NYSE:ORCL) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 80,606 shares of the enterprise software provider’s stock after buying an additional 998 shares during the period. Capital Investment Advisors LLC’s holdings in Oracle Corp. were worth $3,299,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new position in shares of Oracle Corp. during the second quarter valued at about $102,000. FCM Investments TX increased its position in shares of 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 during the period. Ironwood Financial llc bought a new position in shares of Oracle Corp. during the first quarter valued at about $147,000. Gardner Russo & Gardner LLC bought a new position in shares of Oracle Corp. during the first quarter valued at about $205,000. Finally, Natixis bought a new position in shares of Oracle Corp. during the first quarter valued at about $230,000. Institutional investors own 58.00% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded down 4.75% during trading on Friday, hitting $38.92. The company had a trading volume of 50,703,487 shares. The company’s 50 day moving average price is $41.07 and its 200-day moving average price is $40.28. The stock has a market capitalization of $160.46 billion, a price-to-earnings ratio of 18.80 and a beta of 1.08. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The company had revenue of $8.60 billion for the quarter. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts expect that Oracle Corp. will post $2.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. Oracle Corp.’s payout ratio is 28.57%.
Several analysts have weighed in on ORCL shares. Citigroup Inc. reissued a “hold” rating on shares of Oracle Corp. in a report on Saturday, June 18th. Morgan Stanley reissued an “equal weight” rating and set a $41.00 price objective on shares of Oracle Corp. in a report on Wednesday, June 15th. Zacks Investment Research raised Oracle Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Evercore ISI raised Oracle Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Finally, MKM Partners reissued a “neutral” rating and set a $42.00 price objective on shares of Oracle Corp. in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. Oracle Corp. presently has a consensus rating of “Buy” and an average price target of $44.89.
In related news, Director Naomi O. Seligman sold 25,000 shares of the business’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total transaction of $1,018,500.00. Following the sale, the director now directly owns 32,654 shares in the company, valued at approximately $1,330,323.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now owns 119,645 shares in the company, valued at $4,925,784.65. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
Oracle Corp. 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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