Oracle Corporation (ORCL) Position Held by AGF Investments Inc.

AGF Investments Inc. maintained its stake in Oracle Corporation (NYSE:ORCL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 483,958 shares of the enterprise software provider’s stock at the end of the 1st quarter. AGF Investments Inc.’s holdings in Oracle Corporation were worth $21,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Reilly Financial Advisors LLC grew its holdings in shares of Oracle Corporation by 8.7% in the 1st quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares during the period. Heritage Trust Co acquired a new position in shares of Oracle Corporation in the 1st quarter valued at $130,000. Clean Yield Group acquired a new position in shares of Oracle Corporation in the 1st quarter valued at $131,000. Pinnacle Bank acquired a new position in shares of Oracle Corporation in the 1st quarter valued at $160,000. Finally, Welch Group LLC grew its holdings in shares of Oracle Corporation by 6.7% in the 1st quarter. Welch Group LLC now owns 3,814 shares of the enterprise software provider’s stock valued at $170,000 after buying an additional 238 shares during the period. 58.67% of the stock is owned by institutional investors and hedge funds.

Oracle Corporation (ORCL) traded down 7.67% on Friday, hitting $48.74. 66,367,857 shares of the company were exchanged. The company has a 50 day moving average price of $49.96 and a 200-day moving average price of $46.98. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The stock has a market capitalization of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05.

Oracle Corporation (NYSE:ORCL) last issued its quarterly 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. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. On average, equities analysts expect that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle Corporation’s dividend payout ratio is presently 34.55%.

Several brokerages have recently issued reports on ORCL. Jefferies Group LLC boosted their price target on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday. Credit Suisse Group began coverage on shares of Oracle Corporation in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective on the stock. KeyCorp reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a research report on Tuesday, July 18th. BidaskClub raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Oracle Corporation in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $52.39.

In related news, Director Michael J. Boskin sold 150,000 shares of Oracle Corporation stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $50.69, for a total value of $7,603,500.00. Following the completion of the sale, the director now directly owns 99,454 shares in the company, valued at $5,041,323.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation 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 completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,817,500 shares of company stock valued at $91,582,600. 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.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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