Oak Associates Ltd. OH increased its stake in shares of Oracle Corp. (NYSE:ORCL) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 208,474 shares of the enterprise software provider’s stock after buying an additional 1 shares during the period. Oracle Corp. comprises approximately 1.0% of Oak Associates Ltd. OH’s portfolio, making the stock its 27th largest position. Oak Associates Ltd. OH’s holdings in Oracle Corp. were worth $8,533,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. First Pacific Advisors LLC increased its stake in shares of Oracle Corp. by 5.9% in the second quarter. First Pacific Advisors LLC now owns 26,667,007 shares of the enterprise software provider’s stock valued at $1,091,481,000 after buying an additional 1,486,487 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $1,069,861,000 after buying an additional 349,764 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of 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 valued at $1,015,154,000 after buying an additional 448,586 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of 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 valued at $945,469,000 after buying an additional 1,781,709 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of 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 valued at $904,361,000 after buying an additional 2,888,674 shares in the last quarter. 58.00% of the stock is owned by institutional investors.
Oracle Corp. (NYSE:ORCL) opened at 39.23 on Friday. The stock’s 50 day moving average price is $40.75 and its 200 day moving average price is $40.35. The company has a market capitalization of $161.06 billion, a price-to-earnings ratio of 18.64 and a beta of 1.08. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00.
Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. Equities research analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.53%. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
Several equities research analysts have issued reports on ORCL shares. Cowen and Company set a $46.00 price target on Oracle Corp. and gave the company a “buy” rating in a report on Friday, September 16th. BTIG Research reaffirmed a “buy” rating and set a $44.00 price target on shares of Oracle Corp. in a report on Friday, June 17th. Vetr downgraded Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price target for the company. in a report on Wednesday, September 7th. DA Davidson assumed coverage on Oracle Corp. in a report on Monday, August 8th. They set a “buy” rating for the company. Finally, Morgan Stanley reiterated a “hold” rating and set a $41.00 price objective on shares of Oracle Corp. in a research report on Friday, September 16th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $44.89.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total value of $156,675.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at $345,980.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 16,065 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the transaction, the executive vice president now owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
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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