Nwam LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,866 shares of the enterprise software provider’s stock after selling 702 shares during the period. Nwam LLC’s holdings in Oracle Corporation were worth $529,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Oracle Corporation during the fourth quarter valued at $1,090,559,000. Fiduciary Management Inc. WI purchased a new position in shares of Oracle Corporation during the fourth quarter valued at about $263,566,000. Franklin Resources Inc. boosted its position in shares of Oracle Corporation by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 28,945,335 shares of the enterprise software provider’s stock valued at $1,113,025,000 after buying an additional 3,364,595 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Oracle Corporation during the fourth quarter valued at about $122,141,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Oracle Corporation during the fourth quarter valued at about $80,687,000. 58.77% of the stock is owned by institutional investors and hedge funds.
Shares of Oracle Corporation (ORCL) traded down 1.09% during midday trading on Tuesday, reaching $49.10. The company had a trading volume of 14,684,256 shares. The company has a market capitalization of $203.11 billion, a P/E ratio of 22.22 and a beta of 1.06. The firm’s 50 day moving average price is $49.79 and its 200-day moving average price is $45.06. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. Oracle Corporation’s payout ratio is presently 34.55%.
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Several research analysts recently weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Canaccord Genuity cut Oracle Corporation to a “buy” rating and boosted their price objective for the company from $49.00 to $56.00 in a research report on Thursday, June 22nd. UBS AG restated a “buy” rating and issued a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton restated a “buy” rating and issued a $62.00 price objective (up from $53.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $50.70.
In other Oracle Corporation news, CEO Mark V. Hurd sold 350,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $49.76, for a total value of $17,416,000.00. Following the transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at $27,561,616.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the sale, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,817,500 shares of company stock worth $91,547,388. Insiders own 29.00% of the company’s stock.
About Oracle Corporation
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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