Oracle Corporation (ORCL) Stake Held by Mork Capital Management LLC
Mork Capital Management LLC held its stake in shares of Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,600 shares of the enterprise software provider’s stock at the end of the 2nd quarter. Oracle Corporation makes up approximately 1.3% of Mork Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Mork Capital Management LLC’s holdings in Oracle Corporation were worth $1,534,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of ORCL. Burt Wealth Advisors increased its stake in shares of Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the last quarter. Baystate Wealth Management LLC increased its stake in shares of Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Oracle Corporation during the 2nd quarter worth about $129,000. 58.09% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on ORCL. Vetr lowered shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective on the stock. in a research note on Monday. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, November 15th. BidaskClub lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Drexel Hamilton restated a “buy” rating and set a $62.00 price objective on shares of Oracle Corporation in a research note on Monday, October 2nd. Finally, BTIG Research reiterated a “buy” rating and issued a $58.00 price target on shares of Oracle Corporation in a research note on Tuesday, September 19th. Eleven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $54.85.
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Shares of Oracle Corporation (NYSE ORCL) opened at $49.02 on Tuesday. Oracle Corporation has a 12-month low of $37.64 and a 12-month high of $53.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The firm has a market cap of $204,580.00, a price-to-earnings ratio of 19.19, a PEG ratio of 1.86 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. research analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was 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. Insiders sold 305,776 shares of company stock valued at $14,821,999 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.
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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