Sphera Funds Management LTD. Buys New Stake in Oracle Corporation (ORCL)
Sphera Funds Management LTD. bought a new stake in Oracle Corporation (NYSE:ORCL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 47,250 shares of the enterprise software provider’s stock, valued at approximately $2,369,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burt Wealth Advisors grew its position in Oracle Corporation by 4.3% in the 2nd 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 in the last quarter. Baystate Wealth Management LLC grew its position in Oracle Corporation by 9.2% in the 2nd 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 position in Oracle Corporation by 1,150.0% in the 1st 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 Oracle Corporation in the 2nd quarter valued at about $129,000. Finally, Cribstone Capital Management LLC grew its position in Oracle Corporation by 5.0% in the 2nd 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. 58.09% of the stock is owned by institutional investors.
Shares of Oracle Corporation (NYSE ORCL) opened at $48.58 on Thursday. 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 company has a market capitalization of $202,956.63, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.85 and a beta of 1.07. Oracle Corporation has a 52 week low of $37.64 and a 52 week high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. research analysts expect that Oracle Corporation will post 2.68 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s payout ratio is currently 33.19%.
In other Oracle Corporation news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $885,043.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 305,776 shares of company stock worth $14,821,999. Corporate insiders own 29.00% of the company’s stock.
A number of brokerages have recently commented on ORCL. Drexel Hamilton reissued a “buy” rating and set a $62.00 price objective on shares of Oracle Corporation in a research report on Tuesday. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, November 15th. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Vetr downgraded Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective for the company. in a research report on Monday. Finally, BTIG Research reissued a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research report on Tuesday, September 19th. Eleven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.85.
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Oracle Corporation 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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