Investec Asset Management PTY Ltd cut its stake in Oracle Corporation (NYSE:ORCL) by 53.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,750 shares of the enterprise software provider’s stock after selling 4,271 shares during the quarter. Investec Asset Management PTY Ltd’s holdings in Oracle Corporation were worth $167,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ORCL. Reilly Financial Advisors LLC increased its stake 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 worth $112,000 after acquiring an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Oracle Corporation by 1,150.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares in the last quarter. Heritage Trust Co purchased a new stake in shares of Oracle Corporation in the 1st quarter worth approximately $130,000. Finally, Clean Yield Group purchased a new position in Oracle Corporation during the first quarter valued at $131,000. 58.64% of the stock is owned by hedge funds and other institutional investors.
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Several equities research analysts recently weighed in on ORCL shares. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a research report on Monday, September 11th. Vetr cut Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price target for the company. in a research note on Tuesday, September 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 price objective on shares of Oracle Corporation in a report on Tuesday, June 13th. BTIG Research reaffirmed a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a report on Tuesday. Finally, Moffett Nathanson started coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $53.33.
In other news, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the sale, the executive vice president now owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $911,687.50. The disclosure for this sale can be found here. Insiders sold 1,712,500 shares of company stock valued at $86,140,450 in the last ninety days. Company insiders own 29.00% of the company’s stock.
Oracle Corporation (ORCL) opened at 48.16 on Friday. The firm’s 50-day moving average is $49.85 and its 200-day moving average is $47.11. The stock has a market capitalization of $199.22 billion, a price-to-earnings ratio of 21.79 and a beta of 1.05. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that Oracle Corporation will post $2.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
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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