Sovereign Financial Group Inc. increased its holdings in Oracle Co by 12.7% in the first quarter, owning 3,657 shares worth $459,000. Other hedge funds also purchased Oracle shares, including Federated Hermes Inc., Connor Clark & Lunn Investment Management Ltd., Mather Group LLC., Westover Capital Advisors LLC, and Synovus Financial Corp. Insiders, like Edward Screven and Jeffrey Berg, sold shares recently. Oracle stock experienced a 1.4% rise and analysts suggest it will post $5.01 earnings per share for the current year.
Oracle’s recent quarterly earnings data revealed an EPS of $1.63 and a net margin of 19.76%. The company reported revenue of $14.29 billion, missing analysts’ estimates. Oracle also disclosed a quarterly dividend of $0.40 per share, with an annualized dividend of $1.60 and a yield of 1.14%. Analyst reports on Oracle have been positive, with price targets raised and ratings ranging from market perform to outperform. MarketBeat.com data shows a consensus rating of “Moderate Buy” with an average price target of $145.83.
Oracle offers a range of products and services in enterprise information technology environments globally, including Oracle Cloud Software-as-a-Service offerings such as Oracle Fusion Cloud ERP, Oracle Fusion Cloud Supply and Manufacturing Management, and Oracle NetSuite. For more information on hedge funds owning Oracle shares, visit HoldingsChannel.com, and receive news and ratings from Oracle daily with MarketBeat.com’s FREE Daily Email Newsletter.
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