Lourd Capital LLC Grows Position in Oracle Corporation (ORCL)
Lourd Capital LLC lifted its holdings in Oracle Corporation (NYSE:ORCL) by 7.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,671 shares of the enterprise software provider’s stock after acquiring an additional 673 shares during the period. Lourd Capital LLC’s holdings in Oracle Corporation were worth $485,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Baystate Wealth Management LLC grew its stake in shares of 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 valued at $123,000 after acquiring an additional 206 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of 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 valued at $112,000 after acquiring an additional 2,300 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Oracle Corporation in the second quarter valued at about $129,000. Cribstone Capital Management LLC grew its stake in shares of Oracle Corporation by 5.0% in the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock valued at $131,000 after acquiring an additional 124 shares in the last quarter. Finally, TrimTabs Asset Management LLC grew its stake in shares of 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 valued at $120,000 after acquiring an additional 1,264 shares in the last quarter. Institutional investors and hedge funds own 58.66% of the company’s stock.
Several equities research analysts recently weighed in on the stock. UBS AG reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Piper Jaffray Companies assumed coverage on shares of Oracle Corporation in a research report on Wednesday. They set an “overweight” rating and a $55.00 price objective for the company. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price objective on shares of Oracle Corporation in a research report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) set a $56.00 price objective on shares of Oracle Corporation and gave the stock a “buy” rating in a research report on Friday. Finally, Canaccord Genuity assumed coverage on shares of Oracle Corporation in a research report on Friday. They set a “buy” rating and a $57.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $53.37.
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Oracle Corporation (NYSE ORCL) opened at 48.40 on Friday. The company has a 50 day moving average price of $49.52 and a 200-day moving average price of $47.52. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The company has a market capitalization of $201.98 billion, a PE ratio of 21.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. Analysts expect that Oracle Corporation will post $2.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.57%. Oracle Corporation’s payout ratio is 33.19%.
In other news, EVP Dorian Daley sold 25,776 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the sale, the executive vice president now directly owns 30,977 shares of the company’s stock, valued at $1,488,444.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $911,687.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,055,776 shares of company stock worth $52,673,112. 29.00% of the stock is owned by insiders.
Oracle Corporation 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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