The Oracle Corp. (ORCL) Stake Boosted by HL Financial Services LLC

The Oracle Corp. (ORCL) Stake Boosted by HL Financial Services LLC

HL Financial Services LLC boosted its stake in shares of Oracle Corp. (NYSE:ORCL) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 33,248 shares of the enterprise software provider’s stock after buying an additional 1,932 shares during the period. HL Financial Services LLC’s holdings in Oracle Corp. were worth $1,306,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Camarda Financial Advisors LLC increased its stake in shares of Oracle Corp. by 9.6% in the second quarter. Camarda Financial Advisors LLC now owns 2,443 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 215 shares in the last quarter. WESPAC Advisors SoCal LLC increased its stake in shares of Oracle Corp. by 20.8% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,900 shares of the enterprise software provider’s stock valued at $119,000 after buying an additional 500 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares in the last quarter. SevenBridge Financial Group LLC purchased a new stake in shares of Oracle Corp. during the second quarter valued at approximately $128,000. Finally, Riggs Asset Managment Co. Inc. increased its stake in shares of Oracle Corp. by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock valued at $142,000 after buying an additional 99 shares in the last quarter. Institutional investors own 56.89% of the company’s stock.

Oracle Corp. (NYSE:ORCL) traded up 0.05% on Thursday, reaching $39.21. 12,232,380 shares of the company’s stock traded hands. Oracle Corp. has a 12-month low of $33.59 and a 12-month high of $42.00. The stock has a 50 day moving average price of $39.28 and a 200 day moving average price of $39.85. The stock has a market cap of $160.85 billion, a price-to-earnings ratio of 18.72 and a beta of 1.17.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Oracle Corp. had a net margin of 23.69% and a return on equity of 21.33%. The business earned $9.07 billion during the quarter. During the same quarter in the prior year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts forecast that Oracle Corp. will post $2.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, January 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Oracle Corp.’s dividend payout ratio is currently 28.99%.

ORCL has been the subject of several research reports. Rowe reduced their target price on Oracle Corp. from $109.00 to $9.30 in a research note on Tuesday, November 8th. Vetr downgraded Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $42.91 target price for the company. in a research note on Tuesday, September 27th. Stifel Nicolaus cut their price target on Oracle Corp. from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, September 23rd. Bank of America Corp. reiterated a “buy” rating and set a $48.00 price target on shares of Oracle Corp. in a research note on Thursday, September 22nd. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $47.00 price target on shares of Oracle Corp. in a research note on Sunday, September 25th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.15.

In related news, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the completion of the transaction, the director now owns 52,654 shares in the company, valued at approximately $2,038,762.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $39.06, for a total transaction of $146,475.00. Following the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $323,455.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,250 shares of company stock valued at $2,188,650. Company insiders own 29.00% of the company’s stock.

About Oracle Corp.

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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