Sentry Investments Corp. lowered its position in Oracle Corporation (NYSE:ORCL) by 28.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,255,325 shares of the enterprise software provider’s stock after selling 1,655,500 shares during the quarter. Oracle Corporation makes up approximately 1.6% of Sentry Investments Corp.’s portfolio, making the stock its 9th biggest position. Sentry Investments Corp. owned about 0.10% of Oracle Corporation worth $213,362,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Burt Wealth Advisors raised its holdings in shares of Oracle Corporation 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 in the last quarter. Baystate Wealth Management LLC raised its holdings in Oracle Corporation by 9.2% in the second 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Oracle Corporation by 1,150.0% in 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 purchasing an additional 2,300 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Oracle Corporation in the second quarter worth $129,000. Finally, Cribstone Capital Management LLC grew its stake in shares of Oracle Corporation by 5.0% in the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock worth $131,000 after acquiring an additional 124 shares during the last quarter. 58.09% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Dorian Daley sold 76,703 shares of Oracle Corporation stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total transaction of $3,758,447.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $885,043.75. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock worth $14,821,999 in the last quarter. Insiders own 29.00% of the company’s stock.
Oracle Corporation (NYSE:ORCL) opened at $48.94 on Monday. The firm has a market capitalization of $204,250.39, a P/E ratio of 19.19, a P/E/G ratio of 1.86 and a beta of 1.07. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the 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 period last year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. analysts anticipate that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.
ORCL has been the topic of several research reports. Vetr raised Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 target price on the stock in a research report on Monday, November 13th. Zacks Investment Research raised 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. UBS AG reaffirmed a “neutral” rating and issued a $55.00 price objective (down previously from $57.00) on shares of Oracle Corporation in a research note on Thursday, November 9th. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Drexel Hamilton reissued a “buy” rating and set a $62.00 target price on shares of Oracle Corporation in a research note on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $54.95.
Oracle Corporation 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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