Oracle Corporation (ORCL) Stake Held by Global Endowment Management LP

Oracle Corporation (ORCL) Stake Held by Global Endowment Management LP

Global Endowment Management LP continued to hold its position in Oracle Corporation (NYSE:ORCL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,710 shares of the enterprise software provider’s stock at the end of the third quarter. Global Endowment Management LP’s holdings in Oracle Corporation were worth $303,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Alpha Windward LLC boosted its position in shares of Oracle Corporation by 0.9% in the third quarter. Alpha Windward LLC now owns 5,004 shares of the enterprise software provider’s stock valued at $197,000 after buying an additional 44 shares during the period. Capital Asset Advisory Services LLC boosted its position in shares of Oracle Corporation by 0.9% in the third quarter. Capital Asset Advisory Services LLC now owns 6,200 shares of the enterprise software provider’s stock valued at $244,000 after buying an additional 55 shares during the period. Enterprise Financial Services Corp boosted its position in shares of Oracle Corporation by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock valued at $305,000 after buying an additional 62 shares during the period. Girard Partners LTD. boosted its position in shares of Oracle Corporation by 0.6% in the third quarter. Girard Partners LTD. now owns 14,175 shares of the enterprise software provider’s stock valued at $557,000 after buying an additional 88 shares during the period. Finally, Lourd Capital LLC boosted its position in shares of Oracle Corporation by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock valued at $321,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Oracle Corporation (NYSE:ORCL) traded up 0.05% during trading on Friday, reaching $40.15. The company had a trading volume of 6,328,364 shares. The company has a market capitalization of $164.71 billion, a P/E ratio of 19.16 and a beta of 1.17. The firm’s 50 day moving average is $39.37 and its 200-day moving average is $39.82. Oracle Corporation has a 12 month low of $34.47 and a 12 month high of $42.00.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company earned $9.07 billion during the quarter. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. On average, equities analysts expect that Oracle Corporation will post $2.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, January 3rd. Oracle Corporation’s payout ratio is 28.99%.

ORCL has been the topic of several recent research reports. Royal Bank Of Canada increased their price objective on shares of Oracle Corporation from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, September 30th. RBC Capital Markets reissued an “outperform” rating and issued a $43.00 target price (up from $42.00) on shares of Oracle Corporation in a report on Saturday, October 1st. DA Davidson set a $52.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Tuesday, October 11th. Cowen and Company set a $46.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Tuesday, October 25th. Finally, reissued an “underperform” rating and issued a $42.00 target price on shares of Oracle Corporation in a report on Tuesday, November 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and a consensus target price of $44.16.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $39.09, for a total value of $146,587.50. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at $323,704.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle Corporation stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total value of $1,742,400.00. Following the completion of the sale, the director now directly owns 52,654 shares of the company’s stock, valued at approximately $2,038,762.88. 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 three months. 29.00% of the stock is currently owned by company 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).

Related posts

Leave a Comment