St. Johns Investment Management Company LLC increased its stake in Oracle Co. by 2.7% during the first quarter, according to its recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,915 shares of the enterprise software provider after acquiring an additional 395 shares during the period. Oracle’s stock performance shows a 50-day simple moving average of $123.84 and a two-hundred-day simple moving average of $117.48.
Several hedge funds have also increased their positions in Oracle, with Vanguard Group Inc. owning 147,273,413 shares of the stock. Capital World Investors, Parnassus Investments LLC, Putnam Investments LLC, and Charles Schwab Investment Management Inc. have all increased their holdings as well. Hedge funds and other institutional investors currently own 42.44% of Oracle’s shares.
Oracle recently announced its quarterly earnings results, showing earnings per share of $1.63 for the quarter, which missed analysts’ consensus estimates. The company posted a return on equity of 223.01% and a net margin of 19.76%. Oracle reported revenue of $14.29 billion for the quarter. The company also declared a quarterly dividend of $0.40 per share.
Various research firms have weighed in on Oracle, with mixed ratings including buy, outperform, and hold. Insiders within the company have made several transactions, with Edward Screven selling over 235,000 shares of Oracle’s stock. Director Jeffrey Berg also sold shares in a separate transaction. Overall, insiders own 42.80% of the company’s shares.
Oracle Corporation offers a range of products and services for enterprise information technology environments worldwide, including cloud software applications and services. For more information on Oracle’s holdings and insider trading, visit HoldingsChannel.com. Receive daily news and ratings for Oracle through MarketBeat.com’s FREE Daily Email Newsletter.
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https://www.defenseworld.net/2024/06/27/st-johns-investment-management-company-llc-acquires-395-shares-of-oracle-co-nyseorcl.html
