Steph & Co. increased its stake in Oracle by 70.7% in the first quarter, owning 461 shares valued at $58,000. Other hedge funds also made moves, with Contour Asset Management LLC acquiring 643,490 share, Sandy Spring Bank adding 1,107 shares, Hancock Whitney Corp increasing by 3,291 shares, LVM Capital Management Ltd. MI getting 200 more shares, and Heritage Wealth Advisors gaining 109 shares. Internal activity saw Director Jeffrey Berg selling 22,500 shares at $143.12 each and Director Michael J. Boskin selling 45,000 shares at $117.74 each. Oracle’s shares fell 1.2%, with a twelve-month low of $99.26 and a high of $145.32.
Oracle last released its earnings data on June 11, reporting earnings of $1.63 per share, missing the estimate by $0.02, with a revenue of $14.29 billion. An upcoming quarterly dividend of $0.40 was announced, to be paid on July 25. Analysts have provided ratings and price targets for Oracle stock, with an average target of $144.79. Oracle offers various cloud software applications as part of its Oracle Cloud Software-as-a-Service offering.
Article Source
https://www.defenseworld.net/2024/06/25/oracle-co-nyseorcl-stock-position-raised-by-steph-co.html