Goelzer Investment Management Inc. has increased its stock position in Oracle Co. by 25% in the first quarter, owning 7,492 shares valued at $941,000. Other hedge funds, such as Orion Capital Management LLC and Nordwand Advisors LLC, have also invested in Oracle recently. Institutional investors and hedge funds own 42.44% of Oracle’s shares.
Oracle Co.’s stock performance shows fluctuations, with shares falling to $143.80 on Monday. The company’s market capitalization is $396.29 billion, with a price-to-earnings ratio of 38.85 and a beta of 1.02. Despite missing analysts’ EPS estimates by $0.02, Oracle reported revenue of $14.29 billion for the quarter.
Oracle also announced a quarterly dividend of $0.40 per share, with a dividend yield of 1.11%. Insider trading at Oracle includes Director George H. Conrad and Director Jeffrey Berg selling significant amounts of company stock. Wall Street analysts predict growth for Oracle, with price targets ranging from $110.00 to $165.00 and mostly positive ratings.
Oracle Corporation offers a range of cloud software applications, such as Oracle Fusion cloud ERP, Oracle Fusion cloud HCM, and Oracle Fusion Sales. For more information on Oracle’s stock holdings, visit HoldingsChannel.com. Receive daily news and ratings from Oracle by signing up for MarketBeat.com’s email newsletter.
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