Quantitative Investment Management LLC purchased a new stake in Oracle Corporation (NYSE:ORCL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,025,500 shares of the enterprise software provider’s stock, valued at approximately $45,747,000. Oracle Corporation makes up 0.7% of Quantitative Investment Management LLC’s investment portfolio, making the stock its 18th largest holding.
Several other institutional investors also recently modified their holdings of ORCL. Reilly Financial Advisors LLC grew its holdings in Oracle Corporation by 8.7% during 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 during the period. TrimTabs Asset Management LLC grew its holdings in Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Heritage Trust Co acquired a new stake in Oracle Corporation during the 1st quarter worth $130,000. Clean Yield Group acquired a new stake in Oracle Corporation during the 1st quarter worth $131,000. Finally, Pinnacle Bank acquired a new stake in Oracle Corporation during the 1st quarter worth $160,000. 58.67% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (NYSE:ORCL) traded down 7.67% on Friday, hitting $48.74. 66,367,857 shares of the company’s stock were exchanged. The stock has a market cap of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The firm has a 50 day moving average price of $49.96 and a 200-day moving average price of $46.98.
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. Analysts predict 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. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a report on Sunday, September 3rd. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price target on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, ValuEngine raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. Oracle Corporation currently has a consensus rating of “Buy” and a consensus price target of $52.39.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated 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 sale, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Chizen sold 206,250 shares of Oracle Corporation stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total value of $10,260,937.50. Following the completion of the sale, the director now owns 63,985 shares of the company’s stock, valued at $3,183,253.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,817,500 shares of company stock valued at $91,582,600. 29.00% of the stock is owned by corporate insiders.
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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.
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