North Star Investment Management Corp. decreased its position in Oracle Co. (NYSE:ORCL – Free Report) by 2.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 93,215 shares of the enterprise software provider’s stock after selling 2,799 shares during the quarter. Oracle accounts for about 1.1% of North Star Investment Management Corp.’s investment portfolio, making the stock its 15th biggest holding. North Star Investment Management Corp.’s holdings in Oracle were worth $15,884,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in Oracle during the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle in the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on ORCL
Oracle Trading Up 0.9 %
Shares of NYSE ORCL traded up $1.52 during midday trading on Tuesday, hitting $171.11. The stock had a trading volume of 1,027,132 shares, compared to its average volume of 8,252,218. The firm has a market cap of $474.16 billion, a P/E ratio of 43.71, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day simple moving average is $164.04 and its 200 day simple moving average is $142.62.
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. Research analysts anticipate that Oracle Co. will post 5 EPS for the current year.
Oracle Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s payout ratio is presently 41.24%.
About Oracle
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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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