First Interstate Bank increased its stake in Oracle Corp. (NYSE:ORCL) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,794 shares of the enterprise software provider’s stock after buying an additional 5,900 shares during the period. First Interstate Bank’s holdings in Oracle Corp. were worth $2,202,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. BLB&B Advisors LLC raised its position in Oracle Corp. by 0.3% in the first quarter. BLB&B Advisors LLC now owns 9,711 shares of the enterprise software provider’s stock valued at $397,000 after buying an additional 28 shares during the period. Point View Wealth Management Inc. raised its position in Oracle Corp. by 0.5% in the second quarter. Point View Wealth Management Inc. now owns 6,959 shares of the enterprise software provider’s stock valued at $285,000 after buying an additional 37 shares during the period. Enterprise Financial Services Corp raised its position in Oracle Corp. by 0.8% in the second quarter. Enterprise Financial Services Corp now owns 7,443 shares of the enterprise software provider’s stock valued at $305,000 after buying an additional 62 shares during the period. Bollard Group LLC raised its position in Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares during the period. Finally, Lourd Capital LLC raised its position in Oracle Corp. by 1.2% in the second quarter. Lourd Capital LLC now owns 7,854 shares of the enterprise software provider’s stock valued at $321,000 after buying an additional 92 shares during the period. 58.00% of the stock is owned by institutional investors and hedge funds.
Oracle Corp. (NYSE:ORCL) traded down 0.58% during midday trading on Friday, hitting $39.28. 5,100,867 shares of the stock were exchanged. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The firm’s 50 day moving average price is $40.80 and its 200 day moving average price is $40.34. The company has a market cap of $161.27 billion, a PE ratio of 18.66 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. Oracle Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, equities research analysts forecast that Oracle Corp. will post $2.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be given a $0.15 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.52%. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
Several research analysts have recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $51.00 price objective on shares of Oracle Corp. in a research report on Friday, July 15th. Macquarie reissued an “outperform” rating on shares of Oracle Corp. in a research report on Tuesday, July 19th. Atlantic Securities lowered Oracle Corp. from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $44.00 in a research report on Tuesday, July 19th. BTIG Research lifted their price objective on Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 14th. Finally, Vetr lowered Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price objective for the company. in a research report on Monday, August 15th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.89.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The disclosure for this sale can be found here. 28.00% of the stock is currently owned by company insiders.
About Oracle Corp.
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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