Profund Advisors LLC Buys 15,736 Shares of Oracle Co. (NYSE:ORCL)

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Profund Advisors LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 30.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,136 shares of the enterprise software provider’s stock after purchasing an additional 15,736 shares during the period. Profund Advisors LLC’s holdings in Oracle were worth $3,825,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ORCL. AlphaOne Investment Services LLC acquired a new stake in Oracle during the 2nd quarter worth about $2,299,000. FCA Corp TX acquired a new stake in Oracle during the 2nd quarter worth about $304,000. APG Asset Management N.V. grew its holdings in Oracle by 106.5% during the 2nd quarter. APG Asset Management N.V. now owns 3,316,820 shares of the enterprise software provider’s stock worth $165,928,000 after acquiring an additional 1,710,800 shares during the period. BSW Wealth Partners acquired a new stake in Oracle during the 2nd quarter worth about $297,000. Finally, Captrust Financial Advisors grew its holdings in Oracle by 9.7% during the 2nd quarter. Captrust Financial Advisors now owns 115,232 shares of the enterprise software provider’s stock worth $6,565,000 after acquiring an additional 10,195 shares during the period. 53.05% of the stock is owned by institutional investors and hedge funds.

NYSE ORCL traded down $0.16 during trading hours on Friday, hitting $53.73. The company’s stock had a trading volume of 569,462 shares, compared to its average volume of 9,948,703. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $60.50. The company’s 50-day simple moving average is $54.15 and its two-hundred day simple moving average is $54.46. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $185.04 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.18.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The firm had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 3.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. Oracle’s dividend payout ratio is currently 30.38%.

Several analysts have recently commented on ORCL shares. Wedbush restated a “neutral” rating and issued a $55.00 target price on shares of Oracle in a research note on Friday. UBS Group set a $57.00 target price on Oracle and gave the company a “neutral” rating in a research note on Thursday. KeyCorp restated a “hold” rating on shares of Oracle in a research note on Thursday, June 20th. Royal Bank of Canada set a $57.00 target price on Oracle and gave the company a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the stock. Oracle has a consensus rating of “Hold” and a consensus price target of $55.88.

In other Oracle news, Director Michael J. Boskin sold 150,000 shares of Oracle stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.65, for a total transaction of $8,497,500.00. Following the transaction, the director now owns 134,796 shares of the company’s stock, valued at approximately $7,636,193.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 90,000 shares of Oracle stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the completion of the sale, the director now directly owns 82,310 shares in the company, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,140,000 shares of company stock worth $117,501,425. Insiders own 32.00% of the company’s stock.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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