Vaughan David Investments LLC IL increased its position in shares of Oracle Co. (NYSE:ORCL) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 610,726 shares of the enterprise software provider’s stock after buying an additional 3,206 shares during the quarter. Oracle comprises about 1.5% of Vaughan David Investments LLC IL’s portfolio, making the stock its 12th biggest position. Vaughan David Investments LLC IL’s holdings in Oracle were worth $47,539,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of ORCL. Baldrige Asset Management LLC bought a new stake in Oracle during the 2nd quarter worth approximately $28,000. Cowen Prime Advisors LLC bought a new stake in Oracle during the 2nd quarter worth approximately $31,000. tru Independence LLC bought a new stake in Oracle during the 2nd quarter worth approximately $37,000. Harbour Investments Inc. bought a new stake in Oracle during the 1st quarter worth approximately $34,000. Finally, McCarthy Asset Management Inc. increased its holdings in Oracle by 214.3% during the 2nd quarter. McCarthy Asset Management Inc. now owns 484 shares of the enterprise software provider’s stock worth $38,000 after purchasing an additional 330 shares in the last quarter. 44.47% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Naomi O. Seligman sold 35,000 shares of the stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $87.88, for a total value of $3,075,800.00. Following the sale, the director now owns 71,724 shares in the company, valued at $6,303,105.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Boskin sold 37,500 shares of the firm’s stock in a transaction dated Friday, July 2nd. The shares were sold at an average price of $80.04, for a total value of $3,001,500.00. Following the sale, the director now owns 115,662 shares in the company, valued at approximately $9,257,586.48. The disclosure for this sale can be found here. Insiders sold 222,500 shares of company stock worth $17,808,800 in the last quarter. 39.10% of the stock is currently owned by company insiders.
Oracle (NYSE:ORCL) last posted its earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.77 billion. Oracle had a return on equity of 146.83% and a net margin of 33.96%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. Sell-side analysts forecast that Oracle Co. will post 4.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be given a $0.32 dividend. The ex-dividend date is Friday, October 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. Oracle’s dividend payout ratio (DPR) is presently 30.77%.
A number of analysts have commented on the company. Stifel Nicolaus boosted their price objective on Oracle from $62.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, June 16th. upped their target price on Oracle from $69.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, June 16th. Cowen reaffirmed a “buy” rating and issued a $93.00 target price on shares of Oracle in a report on Friday, September 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Oracle in a report on Tuesday, September 14th. Finally, DZ Bank lowered Oracle from a “hold” rating to a “sell” rating and set a $82.00 target price for the company. in a report on Tuesday, August 10th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.77.
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.
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