Thomaspartners Inc. increased its position in shares of Oracle Corp. (NYSE:ORCL) by 6.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,400,208 shares of the enterprise software provider’s stock after buying an additional 200,309 shares during the period. Thomaspartners Inc. owned about 0.08% of Oracle Corp. worth $139,170,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new stake in Oracle Corp. during the second quarter valued at about $540,085,000. Bank of Montreal Can acquired a new stake in Oracle Corp. during the second quarter valued at about $126,162,000. Loomis Sayles & Co. L P raised 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 valued at $904,361,000 after buying an additional 2,888,674 shares during the period. Schroder Investment Management Group raised its stake in Oracle Corp. by 35.1% in the second quarter. Schroder Investment Management Group now owns 9,692,099 shares of the enterprise software provider’s stock valued at $396,697,000 after buying an additional 2,520,399 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in Oracle Corp. by 102.3% in the first quarter. Glenmede Trust Co. NA now owns 3,611,064 shares of the enterprise software provider’s stock valued at $147,727,000 after buying an additional 1,826,039 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.
Shares of Oracle Corp. (NYSE:ORCL) traded up 0.192% during mid-day trading on Friday, hitting $39.195. The company had a trading volume of 2,846,063 shares. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The firm has a 50-day moving average of $40.54 and a 200-day moving average of $40.37. The company has a market cap of $160.92 billion, a PE ratio of 18.620 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last posted its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The business earned $8.60 billion during the quarter. During the same quarter in the prior year, the company posted $0.53 EPS. Oracle Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts expect that Oracle Corp. will post $2.63 EPS 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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s dividend payout ratio is currently 28.57%.
Several analysts have recently issued reports on ORCL shares. Vetr raised shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $45.46 price target on the stock in a research report on Monday, September 12th. Barclays PLC reissued a “buy” rating on shares of Oracle Corp. in a research report on Monday, September 12th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $47.00 target price on shares of Oracle Corp. in a report on Sunday, September 25th. Zacks Investment Research lowered shares of Oracle Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $48.00 target price on shares of Oracle Corp. in a report on Thursday, September 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.73.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total transaction of $150,600.00. Following the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $332,564.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following 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. 28.00% of the stock is owned by corporate insiders.
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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