Alpha Cubed Investments LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,177 shares of the enterprise software provider’s stock after purchasing an additional 3,875 shares during the period. Alpha Cubed Investments LLC’s holdings in Oracle were worth $1,411,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ORCL. Acrospire Investment Management LLC grew its position in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors grew its position in Oracle 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 period. TrimTabs Asset Management LLC grew its position in Oracle 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 period. State of Alaska Department of Revenue acquired a new stake in Oracle during the 2nd quarter worth about $129,000. Finally, Heritage Trust Co acquired a new stake in Oracle during the 1st quarter worth about $130,000. Hedge funds and other institutional investors own 57.89% of the company’s stock.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $877,250. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,250 shares of company stock valued at $5,306,238. Insiders own 29.00% of the company’s stock.
Oracle Corporation (NYSE ORCL) traded up $0.56 during trading hours on Friday, hitting $49.51. 15,455,400 shares of the company’s stock traded hands, compared to its average volume of 18,060,000. The firm has a market capitalization of $206,630.00, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Corporation has a fifty-two week low of $38.59 and a fifty-two week high of $53.14.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. research analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
Oracle announced that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. Oracle’s payout ratio is currently 32.62%.
ORCL has been the topic of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and set a $53.00 target price (up from $52.00) on shares of Oracle in a research report on Saturday, September 16th. Canaccord Genuity restated a “buy” rating and set a $57.00 target price (up from $56.00) on shares of Oracle in a research report on Saturday, September 16th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Thursday, September 14th. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a report on Thursday, September 14th. Finally, JPMorgan Chase & Co. set a $55.00 price objective on Oracle and gave the stock a “buy” rating in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have given a buy rating to the company. Oracle currently has an average rating of “Buy” and an average target price of $55.28.
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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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