FineMark National Bank & Trust boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 6.9% during the third quarter, Holdings Channel reports. The institutional investor owned 25,921 shares of the enterprise software provider’s stock after buying an additional 1,668 shares during the period. FineMark National Bank & Trust’s holdings in Oracle Corporation were worth $1,018,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ORCL. Camarda Financial Advisors LLC raised its position in Oracle Corporation 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 raised its position in Oracle Corporation 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 raised its position in Oracle Corporation 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 position in Oracle Corporation during the second quarter valued at $128,000. Finally, Penserra Capital Management LLC raised its position in Oracle Corporation by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock valued at $128,000 after buying an additional 1,283 shares in the last quarter. 57.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oracle Corporation (NYSE:ORCL) traded up 0.25% during trading on Friday, hitting $40.23. The stock had a trading volume of 9,232,665 shares. Oracle Corporation has a 12-month low of $34.47 and a 12-month high of $42.00. The stock has a market capitalization of $165.04 billion, a P/E ratio of 19.20 and a beta of 1.17. The stock’s 50-day moving average is $39.36 and its 200-day moving average is $39.82.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $9.07 billion for the quarter. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. Oracle Corporation’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 EPS. Analysts predict that Oracle Corporation will post $2.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 26th. Investors of record on Thursday, January 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, January 3rd. Oracle Corporation’s payout ratio is currently 28.99%.
Several brokerages recently commented on ORCL. Cowen and Company set a $46.00 target price on Oracle Corporation and gave the company a “buy” rating in a report on Tuesday, October 25th. Zacks Investment Research downgraded Oracle Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Sanford C. Bernstein reiterated an “outperform” rating and set a $52.00 target price on shares of Oracle Corporation in a report on Friday, December 16th. Wunderlich reiterated a “hold” rating and set a $43.00 target price on shares of Oracle Corporation in a report on Friday, December 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $51.00 target price on shares of Oracle Corporation in a report on Friday, December 9th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.16.
In related news, Director Naomi O. Seligman sold 45,000 shares of Oracle Corporation stock in a transaction dated Wednesday, December 21st. The stock was 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 $2,038,762.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $39.09, for a total value of $146,587.50. Following the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $323,704.29. The disclosure for this sale can be found here. Insiders have sold 56,250 shares of company stock valued at $2,188,650 in the last quarter. 29.00% of the stock is currently owned by corporate insiders.
Oracle Corporation Company Profile
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.
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).