Mawer Investment Management Ltd. increased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,831,117 shares of the enterprise software provider’s stock after acquiring an additional 48,130 shares during the quarter. Oracle Corporation comprises about 1.3% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 29th largest holding. Mawer Investment Management Ltd. owned approximately 0.07% of Oracle Corporation worth $141,952,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in ORCL. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC grew its stake in Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares in the last quarter. Baystate Wealth Management LLC grew its stake in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Oracle Corporation during the second quarter worth about $129,000. Finally, Heritage Trust Co acquired a new stake in Oracle Corporation during the first quarter worth about $130,000. 57.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oracle Corporation (ORCL) opened at 48.23 on Friday. The stock’s 50 day moving average price is $49.44 and its 200-day moving average price is $47.61. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The stock has a market cap of $201.27 billion, a price-to-earnings ratio of 20.98 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. On average, equities research analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.
ORCL has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, June 20th. Rosenblatt Securities reiterated a “buy” rating and set a $55.00 price objective on shares of Oracle Corporation in a research note on Wednesday, June 21st. BMO Capital Markets increased their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $56.00 to $44.00 in a research note on Thursday, June 22nd. Finally, UBS AG restated a “buy” rating and issued a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $53.37.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total transaction of $183,225.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,587.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the transaction, the insider now owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,055,776 shares of company stock worth $52,673,112. Corporate insiders own 29.00% of the company’s stock.
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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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