Flossbach Von Storch AG decreased its stake in Oracle Corporation (NYSE:ORCL) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 585,650 shares of the enterprise software provider’s stock after selling 103,020 shares during the period. Flossbach Von Storch AG’s holdings in Oracle Corporation were worth $26,126,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Norges Bank acquired a new position in shares of Oracle Corporation during the fourth quarter valued at $1,090,559,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Oracle Corporation during the fourth quarter valued at $122,141,000. Boston Partners increased its position in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the last quarter. Swiss National Bank increased its position in shares of Oracle Corporation by 26.2% in the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock valued at $496,863,000 after buying an additional 2,309,400 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after buying an additional 1,521,879 shares during the last quarter. 58.77% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (ORCL) traded down 0.64% on Tuesday, reaching $49.32. The company had a trading volume of 7,964,836 shares. The firm has a market capitalization of $204.02 billion, a PE ratio of 22.32 and a beta of 1.06. The stock has a 50 day moving average of $49.35 and a 200 day moving average of $44.95. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Oracle Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Oracle Corporation will post $2.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s payout ratio is currently 34.55%.
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ORCL has been the subject of several research reports. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 25th. Benchmark Co. boosted their price target on Oracle Corporation from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, June 22nd. KeyCorp upgraded Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price target for the company in a research report on Wednesday, July 5th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $49.00 price target on shares of Oracle Corporation in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. Oracle Corporation has an average rating of “Buy” and an average price target of $50.70.
In other news, Director Michael J. Boskin sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the completion of the transaction, the director now directly owns 99,454 shares of the company’s stock, valued at $5,041,323.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $807,831.25. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,547,388 in the last 90 days. 29.00% of the stock is currently owned by insiders.
Oracle Corporation Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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