Oracle Corporation (ORCL) Shares Bought by Sentry Investment Management LLC
Sentry Investment Management LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 238,819 shares of the enterprise software provider’s stock after acquiring an additional 2,416 shares during the period. Sentry Investment Management LLC’s holdings in Oracle were worth $11,974,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Keel Point LLC lifted its stake in Oracle by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after purchasing an additional 14 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in Oracle by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock worth $411,000 after purchasing an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Oracle by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 35 shares during the last quarter. Partnervest Advisory Services LLC lifted its stake in Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after purchasing an additional 39 shares during the last quarter. Finally, Bell Bank lifted its stake in Oracle by 0.9% in the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock worth $271,000 after purchasing an additional 57 shares during the last quarter. 57.70% of the stock is owned by institutional investors.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the sale, the director now owns 18,125 shares in the company, valued at $885,043.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 302,026 shares of company stock worth $14,633,187. Corporate insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) traded up $0.14 on Friday, reaching $50.19. 22,259,200 shares of the company’s stock were exchanged, compared to its average volume of 13,348,773. The stock has a market capitalization of $208,882.97, a PE ratio of 19.63, a PEG ratio of 1.90 and a beta of 1.05. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a twelve month low of $38.30 and a twelve month 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. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. sell-side analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal 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 1.51%. Oracle’s payout ratio is 33.19%.
Several research firms have weighed in on ORCL. Canaccord Genuity lowered their price target on shares of Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday. Royal Bank of Canada downgraded shares of Oracle from an “outperform” rating to a “sector perform” rating in a research note on Friday. Jefferies Group set a $61.00 price objective on shares of Oracle and gave the company a “buy” rating in a research note on Friday. Finally, UBS set a $55.00 price objective on shares of Oracle and gave the company a “neutral” rating in a research note on Friday. Fourteen equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.97.
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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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