Capital Analysts LLC increased its position in Oracle Corporation (NYSE:ORCL) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 73,162 shares of the enterprise software provider’s stock after buying an additional 2,794 shares during the period. Capital Analysts LLC’s holdings in Oracle were worth $3,537,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of Oracle 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 worth $509,383,000 after buying an additional 450,836 shares during the period. Partnervest Advisory Services LLC raised its position in shares of Oracle by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after buying an additional 39 shares during the period. Lockheed Martin Investment Management Co. raised its position in shares of Oracle by 125.6% in the 2nd quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock worth $8,331,000 after buying an additional 92,500 shares during the period. Pinnacle Financial Partners Inc. raised its position in shares of Oracle by 8.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock worth $5,701,000 after buying an additional 9,328 shares during the period. Finally, BT Investment Management Ltd purchased a new position in shares of Oracle in the 2nd quarter worth $459,738,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.
ORCL has been the topic of several research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $57.00 target price (up from $56.00) on shares of Oracle in a research report on Saturday, September 16th. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of Oracle in a research report on Saturday, September 16th. Vetr raised Oracle from a “strong sell” rating to a “sell” rating and set a $46.58 price objective on the stock in a research report on Monday, September 18th. Bank of America reissued a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research report on Monday, September 18th. Finally, Wells Fargo & Co reissued an “overweight” rating and issued a $62.50 price objective on shares of Oracle in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the stock. Oracle presently has a consensus rating of “Buy” and an average target price of $55.28.
Shares of Oracle Corporation (NYSE ORCL) opened at $49.51 on Friday. Oracle Corporation has a 52-week low of $38.88 and a 52-week high of $53.14. The stock has a market capitalization of $206,630.00, a PE ratio of 21.25, a PEG ratio of 1.87 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.
Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. research analysts predict that Oracle Corporation will post 2.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s payout ratio is 32.62%.
Oracle declared that its board has approved a share buyback program on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
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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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