Paradigm Financial Advisors LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,468 shares of the enterprise software provider’s stock, valued at approximately $288,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Boltwood Capital Management boosted its stake in Oracle by 9.8% in the first quarter. Boltwood Capital Management now owns 31,241 shares of the enterprise software provider’s stock worth $1,393,000 after buying an additional 2,800 shares during the last quarter. Catawba Capital Management VA boosted its stake in Oracle by 0.3% in the first quarter. Catawba Capital Management VA now owns 103,916 shares of the enterprise software provider’s stock worth $4,636,000 after buying an additional 300 shares during the last quarter. West Oak Capital LLC boosted its stake in Oracle by 4.7% in the first quarter. West Oak Capital LLC now owns 40,405 shares of the enterprise software provider’s stock worth $1,802,000 after buying an additional 1,820 shares during the last quarter. Atlas Brown Inc. boosted its stake in Oracle by 3.6% in the first quarter. Atlas Brown Inc. now owns 27,427 shares of the enterprise software provider’s stock worth $1,224,000 after buying an additional 950 shares during the last quarter. Finally, Swarthmore Group Inc. boosted its stake in Oracle by 4,112.8% in the first quarter. Swarthmore Group Inc. now owns 379,150 shares of the enterprise software provider’s stock worth $16,914,000 after buying an additional 370,150 shares during the last quarter. 57.95% of the stock is owned by institutional investors.
Shares of Oracle Co. (NYSE:ORCL) opened at 44.53 on Friday. The stock’s 50 day moving average is $44.06 and its 200-day moving average is $40.74. The stock has a market capitalization of $183.23 billion, a price-to-earnings ratio of 21.06 and a beta of 1.14. Oracle Co. has a 12-month low of $37.62 and a 12-month high of $46.99. Oracle also was the recipient of unusually large options trading activity on Wednesday. Investors acquired 714 put options on the stock. This is an increase of approximately 205% compared to the typical volume of 234 put options.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The firm earned $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post $2.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.15. Oracle’s dividend payout ratio is presently 28.99%.
A number of equities analysts have recently weighed in on ORCL shares. Wedbush reiterated a “neutral” rating and set a $43.00 target price on shares of Oracle in a research note on Thursday, April 13th. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of Oracle in a research note on Friday, April 7th. Rosenblatt Securities increased their target price on Oracle from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Vetr upgraded Oracle from a “hold” rating to a “buy” rating and set a $47.09 target price on the stock in a research note on Monday, March 20th. Finally, Pacific Crest reiterated an “equal weight” rating on shares of Oracle in a research note on Monday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.89.
In related news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $44.84, for a total transaction of $4,484,000.00. Following the completion of the sale, the executive vice president now owns 130,977 shares of the company’s stock, valued at $5,873,008.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $42.86, for a total transaction of $160,725.00. Following the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $354,923.66. The disclosure for this sale can be found here. Insiders sold a total of 6,337,240 shares of company stock valued at $286,681,803 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.
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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