Private Wealth Partners LLC decreased its position in Oracle Corp. (NYSE:ORCL) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 35,600 shares of the enterprise software provider’s stock after selling 120 shares during the period. Private Wealth Partners LLC’s holdings in Oracle Corp. were worth $1,457,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. Arvest Bank Trust Division raised its position in shares of Oracle Corp. by 2.4% in the first quarter. Arvest Bank Trust Division now owns 381,577 shares of the enterprise software provider’s stock worth $15,610,000 after buying an additional 9,059 shares in the last quarter. Factory Mutual Insurance Co. raised its position in shares of Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock worth $87,994,000 after buying an additional 392,000 shares in the last quarter. Telemus Capital LLC purchased a new position in shares of Oracle Corp. during the first quarter worth approximately $768,000. Commonwealth Equity Services Inc raised its position in shares of Oracle Corp. by 4.8% in the first quarter. Commonwealth Equity Services Inc now owns 385,557 shares of the enterprise software provider’s stock worth $15,773,000 after buying an additional 17,705 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of Oracle Corp. by 4.3% in the first quarter. Aperio Group LLC now owns 1,484,375 shares of the enterprise software provider’s stock worth $60,726,000 after buying an additional 61,419 shares in the last quarter. 58.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.31% during trading on Monday, hitting $38.29. The stock had a trading volume of 9,418,950 shares. The firm has a market capitalization of $157.20 billion, a P/E ratio of 18.19 and a beta of 1.23. The stock’s 50-day moving average price is $39.63 and its 200 day moving average price is $40.20. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00.
Oracle Corp. (NYSE:ORCL) last released 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 company earned $8.60 billion during the quarter. During the same quarter last year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.
A number of research analysts have commented on ORCL shares. BTIG Research upped their price objective on Oracle Corp. from $44.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, July 14th. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Oracle Corp. in a report on Tuesday, June 21st. Vetr lowered Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $43.29 target price on the stock. in a report on Monday, July 4th. DA Davidson initiated coverage on Oracle Corp. in a report on Monday, August 8th. They set a “buy” rating on the stock. Finally, Rosenblatt Securities initiated coverage on Oracle Corp. in a report on Monday, August 8th. They set a “buy” rating and a $48.00 target price on the stock. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.26.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s 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 of the company’s stock, valued at $332,564.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the company’s 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 directly owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by company 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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