Lipe & Dalton continued to hold its position in shares of Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,490 shares of the enterprise software provider’s stock at the end of the second quarter. Lipe & Dalton’s holdings in Oracle Corporation were worth $626,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after buying an additional 18,351,920 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Oracle Corporation by 376.6% in the second quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock valued at $203,218,000 after purchasing an additional 3,202,664 shares during the last quarter. Boston Partners raised its holdings 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 purchasing an additional 3,054,765 shares during the last quarter. Swiss National Bank raised its holdings 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 purchasing an additional 2,309,400 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Oracle Corporation by 19.8% in the second quarter. Neuberger Berman Group LLC now owns 12,342,418 shares of the enterprise software provider’s stock valued at $618,849,000 after purchasing an additional 2,042,742 shares during the last quarter. 58.05% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on ORCL shares. Credit Suisse Group started coverage on shares of Oracle Corporation in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective on the stock. Vetr downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price objective on the stock. in a report on Sunday, September 3rd. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. ValuEngine upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a report on Tuesday, July 25th. Eleven investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. Oracle Corporation currently has a consensus rating of “Buy” and an average target price of $54.95.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the business earned $0.55 EPS. Oracle Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.
In related news, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 302,026 shares of company stock worth $14,638,887. 29.00% of the stock is owned by company insiders.
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Oracle Corporation 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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