Telemus Capital LLC Has $874,000 Position in Oracle Corporation (ORCL)
Telemus Capital LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,435 shares of the enterprise software provider’s stock after buying an additional 453 shares during the period. Telemus Capital LLC’s holdings in Oracle Corporation were worth $874,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares during the period. TrimTabs Asset Management LLC lifted its holdings in Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Baystate Wealth Management LLC lifted its holdings in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. State of Alaska Department of Revenue bought a new stake in Oracle Corporation during the second quarter worth $129,000. Finally, Heritage Trust Co bought a new stake in Oracle Corporation during the first quarter worth $130,000. 57.83% of the stock is currently owned by institutional investors.
ORCL has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a report on Monday, September 11th. Vetr lowered Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a report on Tuesday, September 12th. Canaccord Genuity initiated coverage on Oracle Corporation in a report on Friday, October 6th. They set a “buy” rating and a $57.00 price target on the stock. BTIG Research reiterated a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a report on Tuesday, September 19th. Finally, Moffett Nathanson initiated coverage on Oracle Corporation in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have given a buy rating to the company. Oracle Corporation currently has a consensus rating of “Buy” and an average target price of $53.37.
Oracle Corporation (ORCL) opened at 48.61 on Friday. The company has a market cap of $202.85 billion, a price-to-earnings ratio of 21.14 and a beta of 1.05. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14. The firm’s 50-day moving average price is $49.43 and its 200-day moving average price is $47.66.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. Insiders have sold 1,055,776 shares of company stock valued at $52,673,112 in the last 90 days. Company 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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