Airain ltd bought a new position in shares of Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 33,058 shares of the enterprise software provider’s stock, valued at approximately $1,658,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Oracle Corporation by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after purchasing an additional 450,836 shares during the period. Partnervest Advisory Services LLC lifted its stake in shares of Oracle Corporation by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 39 shares during the period. Lockheed Martin Investment Management Co. lifted its stake in shares of Oracle Corporation by 125.6% in the 2nd quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after purchasing an additional 92,500 shares during the period. Boston Partners lifted its stake in shares of Oracle Corporation by 20.1% in the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after purchasing an additional 3,054,765 shares during the period. Finally, Pinnacle Financial Partners Inc. lifted its stake in shares of Oracle Corporation by 8.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after purchasing an additional 9,328 shares during the period. 58.05% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE ORCL) opened at $49.32 on Monday. The company has a market capitalization of $205,836.33, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 12 month low of $37.64 and a 12 month high of $53.14.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. equities analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle Corporation’s dividend payout ratio is presently 33.19%.
A number of research analysts have recently issued reports on ORCL shares. Vetr downgraded Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price objective on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 price target on shares of Oracle Corporation in a research note on Sunday, August 27th. Finally, BidaskClub raised Oracle Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Twelve investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.05.
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In related news, EVP Dorian Daley sold 23,297 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.00, for a total value of $1,141,553.00. Following the transaction, the executive vice president now owns 54,274 shares of the company’s stock, valued at $2,659,426. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. In the last three months, insiders sold 305,776 shares of company stock worth $14,822,112. 29.00% of the stock is 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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