Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,239,811 shares of the enterprise software provider’s stock after selling 18,195 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.22% of Oracle Corporation worth $412,188,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Reilly Financial Advisors LLC raised its position in shares of Oracle Corporation by 8.7% in the first 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 last quarter. Gradient Investments LLC raised its position in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares in the last quarter. Orrstown Financial Services Inc. raised its position in shares of Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares in the last quarter. Pinnacle Bank acquired a new stake in shares of Oracle Corporation during the first quarter valued at $160,000. Finally, Welch Group LLC increased its stake in shares of Oracle Corporation by 6.7% in the first 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 last quarter. 58.77% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE ORCL) traded down 1.09% during trading on Tuesday, hitting $49.10. 14,684,256 shares of the stock were exchanged. The stock has a market cap of $203.11 billion, a P/E ratio of 22.22 and a beta of 1.06. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The stock has a 50 day moving average of $49.79 and a 200-day moving average of $45.06.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Equities analysts expect that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were issued a dividend of $0.19 per share. 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 dividend payout ratio is currently 34.55%.
A number of analysts have commented on the company. UBS AG reiterated a “buy” rating and issued a $52.00 price objective (up previously 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. BMO Capital Markets raised their target price on Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. Wedbush raised Oracle Corporation from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $56.00 to $44.00 in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a report on Friday, May 19th. Finally, Royal Bank Of Canada lifted their target price on Oracle Corporation from $47.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. Oracle Corporation has an average rating of “Buy” and an average price target of $50.70.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $45.25, for a total transaction of $169,687.50. Following the completion of the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $374,715.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,817,500 shares of company stock valued at $91,547,388. 29.00% of the stock is owned by corporate insiders.
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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