Benjamin F. Edwards & Company Inc. Has $2.82 Million Holdings in Oracle Corporation (ORCL)
Benjamin F. Edwards & Company Inc. cut its position in shares of Oracle Corporation (NYSE:ORCL) by 0.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,221 shares of the enterprise software provider’s stock after selling 195 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Oracle Corporation were worth $2,819,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Oracle Corporation during the second quarter valued at about $2,189,000. First Heartland Consultants Inc. lifted its stake in Oracle Corporation by 15.1% during the second quarter. First Heartland Consultants Inc. now owns 14,498 shares of the enterprise software provider’s stock valued at $727,000 after buying an additional 1,902 shares in the last quarter. FineMark National Bank & Trust lifted its stake in Oracle Corporation by 74.1% during the second quarter. FineMark National Bank & Trust now owns 43,596 shares of the enterprise software provider’s stock valued at $2,186,000 after buying an additional 18,562 shares in the last quarter. Strs Ohio lifted its stake in Oracle Corporation by 12.4% during the second quarter. Strs Ohio now owns 2,172,125 shares of the enterprise software provider’s stock valued at $108,910,000 after buying an additional 240,034 shares in the last quarter. Finally, Congress Asset Management Co. MA purchased a new stake in Oracle Corporation during the second quarter valued at about $210,000. 58.64% of the stock is owned by institutional investors.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.30, for a total transaction of $188,625.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $911,687.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. Over 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 corporate insiders.
A number of brokerages have recently weighed in on ORCL. Vetr downgraded Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a report on Sunday, September 3rd. Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, ValuEngine upgraded Oracle Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $53.33.
Shares of Oracle Corporation (ORCL) opened at 48.16 on Friday. 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 $199.22 billion, a price-to-earnings ratio of 21.79 and a beta of 1.05. The stock has a 50 day moving average price of $49.85 and a 200-day moving average price of $47.11.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data 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. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the company earned $0.55 EPS. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Oracle Corporation will post $2.94 earnings per share 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 given a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. Oracle Corporation’s dividend payout ratio is currently 33.19%.
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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