Massey Quick Simon & CO. LLC Invests $1.02 Million in Oracle Corporation (ORCL) Stock
Massey Quick Simon & CO. LLC purchased a new position in Oracle Corporation (NYSE:ORCL) in the 3rd quarter, Holdings Channel reports. The fund purchased 21,060 shares of the enterprise software provider’s stock, valued at approximately $1,018,000.
A number of other institutional investors have also bought and sold shares of ORCL. Acrospire Investment Management LLC raised its stake in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares during the last quarter. Burt Wealth Advisors raised its stake in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oracle during the second quarter valued at about $129,000. ETF Managers Group LLC bought a new position in shares of Oracle during the second quarter valued at about $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Oracle by 17.4% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock valued at $135,000 after acquiring an additional 400 shares during the last quarter. 57.89% of the stock is owned by institutional investors and hedge funds.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the sale, the director now owns 18,125 shares in the company, valued at $877,250. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the sale, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,500 shares of company stock worth $5,123,613. Corporate insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (ORCL) opened at $49.51 on Monday. The firm has a market cap of $206,630.00, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. Oracle Corporation has a fifty-two week low of $38.88 and a fifty-two week high of $53.14.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. equities analysts expect that Oracle Corporation will post 2.68 EPS for the current year.
Oracle announced that its board has approved a share buyback plan on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, January 9th. Oracle’s payout ratio is 32.62%.
Several equities analysts recently issued reports on ORCL shares. Oppenheimer reiterated a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Vetr upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price target on the stock in a research report on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. Finally, Drexel Hamilton reiterated a “buy” rating and set a $62.00 price target on shares of Oracle in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.28.
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Oracle 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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