Oracle Co. (NYSE:ORCL) Shares Acquired by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL increased its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,581 shares of the enterprise software provider’s stock after purchasing an additional 396 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Oracle were worth $3,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. AE Wealth Management LLC grew its position in Oracle by 23.0% in the first quarter. AE Wealth Management LLC now owns 119,115 shares of the enterprise software provider’s stock worth $9,854,000 after acquiring an additional 22,272 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of Oracle by 1.4% during the first quarter. Kestra Private Wealth Services LLC now owns 25,241 shares of the enterprise software provider’s stock worth $2,088,000 after purchasing an additional 339 shares during the last quarter. PM CAPITAL Ltd grew its holdings in shares of Oracle by 11.2% during the first quarter. PM CAPITAL Ltd now owns 217,870 shares of the enterprise software provider’s stock worth $18,024,000 after purchasing an additional 21,950 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Oracle by 5.9% during the first quarter. Evergreen Capital Management LLC now owns 156,750 shares of the enterprise software provider’s stock worth $12,968,000 after buying an additional 8,672 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new position in shares of Oracle during the fourth quarter worth about $3,992,000. Institutional investors and hedge funds own 41.92% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of analyst reports. Cowen lowered their price objective on Oracle from $107.00 to $98.00 and set an “outperform” rating on the stock in a report on Thursday, June 9th. The Goldman Sachs Group restated a “sell” rating and set a $75.00 price objective on shares of Oracle in a research report on Monday, June 27th. Societe Generale cut their price target on Oracle to $91.00 in a report on Tuesday. Monness Crespi & Hardt assumed coverage on shares of Oracle in a research note on Tuesday, September 13th. They set a “buy” rating and a $113.00 price objective for the company. Finally, Barclays set a $82.00 price target on shares of Oracle in a research report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Hold” and a consensus price target of $88.67.

Insiders Place Their Bets

In related news, insider Edward Screven sold 419,174 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 39.10% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $66.03 on Friday. The firm has a market capitalization of $177.99 billion, a PE ratio of 31.44, a P/E/G ratio of 2.02 and a beta of 0.87. The company’s 50-day moving average is $74.89 and its 200-day moving average is $74.58. Oracle Co. has a fifty-two week low of $63.76 and a fifty-two week high of $106.34.

Oracle (NYSE:ORCLGet Rating) last announced its earnings results on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, analysts expect that Oracle Co. will post 4.13 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Tuesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 60.95%.

Oracle Profile

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

See Also

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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