Bollard Group LLC Acquires 97 Shares of Oracle Corporation (ORCL)
Bollard Group LLC raised its stake in Oracle Corporation (NYSE:ORCL) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 22,772 shares of the enterprise software provider’s stock after buying an additional 97 shares during the period. Bollard Group LLC’s holdings in Oracle Corporation were worth $1,142,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bonness Enterprises Inc. bought a new stake in shares of Oracle Corporation during the first quarter valued at about $1,816,000. Capital Investment Services of America Inc. raised its position in Oracle Corporation by 1.6% in the first quarter. Capital Investment Services of America Inc. now owns 320,844 shares of the enterprise software provider’s stock worth $14,313,000 after buying an additional 4,983 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Oracle Corporation by 8.3% in the first quarter. Integrated Investment Consultants LLC now owns 20,832 shares of the enterprise software provider’s stock worth $929,000 after buying an additional 1,592 shares during the last quarter. Park National Corp OH raised its position in Oracle Corporation by 6.5% in the first quarter. Park National Corp OH now owns 40,918 shares of the enterprise software provider’s stock worth $1,826,000 after buying an additional 2,496 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its position in Oracle Corporation by 5.7% in the first quarter. Toth Financial Advisory Corp now owns 28,563 shares of the enterprise software provider’s stock worth $1,274,000 after buying an additional 1,539 shares during the last quarter. 58.77% of the stock is owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE:ORCL) traded down 1.49% on Thursday, reaching $48.33. 4,995,789 shares of the company traded hands. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The firm has a 50 day moving average price of $50.11 and a 200 day moving average price of $45.32. The stock has a market capitalization of $199.93 billion, a price-to-earnings ratio of 21.87 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. Equities research analysts predict that Oracle Corporation will post $2.96 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were paid a $0.19 dividend. The ex-dividend date was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. Oracle Corporation’s payout ratio is 34.55%.
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ORCL has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) set a $49.00 target price on shares of Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 12th. Benchmark Co. started coverage on shares of Oracle Corporation in a research note on Thursday, April 27th. They issued a “buy” rating and a $55.00 price target on the stock. Canaccord Genuity reissued a “buy” rating and issued a $49.00 price target on shares of Oracle Corporation in a research note on Friday, May 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.70.
In related news, Director Bruce R. Chizen sold 206,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the completion of the sale, the director now owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $45.25, for a total value of $169,687.50. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $374,715.25. The disclosure for this sale can be found here. In the last three months, insiders sold 1,817,500 shares of company stock valued at $91,547,388. 29.00% of the stock is currently owned by company insiders.
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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