SSI Investment Management Inc. Has $486,000 Position in Oracle Corp. (ORCL)
SSI Investment Management Inc. increased its stake in shares of Oracle Corp. (NYSE:ORCL) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 11,898 shares of the enterprise software provider’s stock after buying an additional 310 shares during the period. SSI Investment Management Inc.’s holdings in Oracle Corp. were worth $486,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in ORCL. Cribstone Capital Management LLC acquired a new position in Oracle Corp. during the second quarter worth about $102,000. FCM Investments TX boosted its position in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Oracle Corp. by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock worth $142,000 after buying an additional 99 shares during the last quarter. Finally, Ironwood Financial llc acquired a new position in Oracle Corp. during the first quarter worth about $147,000. Institutional investors and hedge funds own 58.00% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded down 0.242% during midday trading on Tuesday, reaching $39.135. The company’s stock had a trading volume of 7,244,356 shares. The firm has a 50 day moving average price of $40.93 and a 200-day moving average price of $40.34. The company has a market cap of $161.20 billion, a P/E ratio of 18.591 and a beta of 1.08. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last posted its earnings results 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. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. On average, equities research analysts predict that Oracle Corp. will post $2.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
A number of research firms have issued reports on ORCL. Sanford C. Bernstein restated an “outperform” rating and set a $51.00 price target on shares of Oracle Corp. in a report on Friday, July 15th. Macquarie restated an “outperform” rating on shares of Oracle Corp. in a report on Tuesday, July 19th. Atlantic Securities cut Oracle Corp. from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. BTIG Research increased their price target on Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Vetr cut Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price target on the stock. in a report on Monday, August 15th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Oracle Corp. has a consensus rating of “Buy” and a consensus price target of $44.88.
In other news, EVP John F. Fowler sold 500,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The disclosure for this sale can be found here. Company 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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