Uncommon Cents Investing LLC Buys 645 Shares of Oracle Co. (NYSE:ORCL)

Uncommon Cents Investing LLC increased its stake in Oracle Co. (NYSE:ORCLGet Rating) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 33,095 shares of the enterprise software provider’s stock after acquiring an additional 645 shares during the period. Uncommon Cents Investing LLC’s holdings in Oracle were worth $2,312,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. HB Wealth Management LLC grew its position in Oracle by 7.7% in the second quarter. HB Wealth Management LLC now owns 108,449 shares of the enterprise software provider’s stock valued at $7,577,000 after acquiring an additional 7,793 shares during the last quarter. Regent Investment Management LLC grew its position in Oracle by 43.6% in the second quarter. Regent Investment Management LLC now owns 28,242 shares of the enterprise software provider’s stock valued at $1,973,000 after acquiring an additional 8,570 shares during the last quarter. Five Oceans Advisors grew its position in Oracle by 4.3% in the second quarter. Five Oceans Advisors now owns 3,803 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 156 shares during the last quarter. Capital City Trust Co. FL grew its position in Oracle by 0.7% in the second quarter. Capital City Trust Co. FL now owns 42,108 shares of the enterprise software provider’s stock valued at $2,942,000 after acquiring an additional 301 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in Oracle by 21.2% in the second quarter. Rosenberg Matthew Hamilton now owns 4,023 shares of the enterprise software provider’s stock valued at $285,000 after acquiring an additional 705 shares during the last quarter. Institutional investors own 41.92% of the company’s stock.

Insider Activity

In other news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the sale, the insider now owns 2,492,613 shares in the company, valued at $172,538,671.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 39.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Guggenheim assumed coverage on Oracle in a research report on Friday, August 12th. They issued a “buy” rating and a $107.00 target price on the stock. Jefferies Financial Group set a $80.00 price target on Oracle in a research note on Tuesday, September 13th. JPMorgan Chase & Co. lifted their price target on Oracle from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, September 13th. Exane BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 29th. Finally, Stifel Nicolaus cut their price target on Oracle from $83.00 to $72.00 in a research note on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $88.67.

Oracle Stock Down 2.3 %

ORCL traded down $1.55 during trading on Friday, hitting $64.48. The company’s stock had a trading volume of 345,983 shares, compared to its average volume of 9,975,058. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34. The stock’s fifty day moving average price is $74.89 and its 200-day moving average price is $74.58. The firm has a market capitalization of $173.82 billion, a P/E ratio of 30.63, a PEG ratio of 2.02 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings data on Monday, September 12th. The enterprise software provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.07). The firm had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.44 billion. Oracle had a net margin of 13.15% and a negative return on equity of 161.07%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. Equities research analysts expect that Oracle Co. will post 4.13 EPS for the current fiscal year.

Oracle Announces Dividend

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 issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, October 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. Oracle’s dividend payout ratio is 60.95%.

Oracle Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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