Stonebridge Capital Management Inc. increased its position in shares of Oracle Corp. (NYSE:ORCL) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 198,876 shares of the enterprise software provider’s stock after buying an additional 13,195 shares during the period. Oracle Corp. makes up approximately 3.7% of Stonebridge Capital Management Inc.’s holdings, making the stock its 8th largest position. Stonebridge Capital Management Inc.’s holdings in Oracle Corp. were worth $8,140,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Oracle Corp. by 1.4% in the first quarter. Geode Capital Management LLC now owns 26,203,540 shares of the enterprise software provider’s stock worth $1,069,861,000 after buying an additional 349,764 shares during the last quarter. Franklin Resources Inc. increased its stake in Oracle Corp. by 1.8% in the first quarter. Franklin Resources Inc. now owns 24,814,184 shares of the enterprise software provider’s stock worth $1,015,154,000 after buying an additional 448,586 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Oracle Corp. by 8.4% in the first quarter. TIAA CREF Investment Management LLC now owns 23,110,948 shares of the enterprise software provider’s stock worth $945,469,000 after buying an additional 1,781,709 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock worth $904,361,000 after buying an additional 2,888,674 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Oracle Corp. by 11.9% in the second quarter. American Century Companies Inc. now owns 15,964,443 shares of the enterprise software provider’s stock worth $653,425,000 after buying an additional 1,699,947 shares during the last quarter. 58.24% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corp. (NYSE:ORCL) traded up 1.00% on Friday, hitting $38.41. 11,601,173 shares of the stock traded hands. The stock has a market cap of $157.69 billion, a price-to-earnings ratio of 18.25 and a beta of 1.23. The firm’s 50 day moving average is $39.72 and its 200 day moving average is $40.22. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00.
Oracle Corp. (NYSE:ORCL) last announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business had revenue of $8.60 billion for the quarter. During the same period last year, the firm earned $0.53 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
A number of research firms have recently commented on ORCL. Sanford C. Bernstein restated an “outperform” rating and set a $51.00 price objective on shares of Oracle Corp. in a report on Friday, July 15th. Macquarie restated an “outperform” rating on shares of Oracle Corp. in a report on Tuesday, July 19th. Atlantic Securities downgraded Oracle Corp. from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. BTIG Research upped their price objective on Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Vetr downgraded Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price objective for the company. in a report on Monday, August 15th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. Oracle Corp. presently has an average rating of “Hold” and an average target price of $46.26.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total transaction of $150,600.00. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at $332,564.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the transaction, the executive vice president now owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.
Oracle Corp. 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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