Swedbank raised its position in shares of Oracle Corp. (NYSE:ORCL) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 4,722,847 shares of the enterprise software provider’s stock after buying an additional 158,359 shares during the period. Oracle Corp. accounts for 1.6% of Swedbank’s holdings, making the stock its 26th largest position. Swedbank’s holdings in Oracle Corp. were worth $193,306,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of ORCL. CrestPoint Capital Management LLC boosted its position in shares of Oracle Corp. by 54.0% in the first quarter. CrestPoint Capital Management LLC now owns 43,900 shares of the enterprise software provider’s stock worth $1,796,000 after buying an additional 15,400 shares during the last quarter. Iberiabank Corp raised its position in shares of Oracle Corp. by 15.2% in the first quarter. Iberiabank Corp now owns 20,028 shares of the enterprise software provider’s stock valued at $819,000 after buying an additional 2,641 shares in the last quarter. Mission Wealth Management LLC raised its position in shares of Oracle Corp. by 20.7% in the first quarter. Mission Wealth Management LLC now owns 9,192 shares of the enterprise software provider’s stock valued at $376,000 after buying an additional 1,579 shares in the last quarter. Perkins Coie Trust Co raised its position in shares of Oracle Corp. by 0.3% in the first quarter. Perkins Coie Trust Co now owns 59,484 shares of the enterprise software provider’s stock valued at $2,433,000 after buying an additional 157 shares in the last quarter. Finally, Culbertson A N & Co. Inc. bought a new position in shares of Oracle Corp. during the first quarter valued at about $4,501,000. 58.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.71% during midday trading on Friday, reaching $39.23. 14,017,314 shares of the company’s stock were exchanged. 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 cap 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 quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm had revenue of $8.60 billion for the quarter. During the same period in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter 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 fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. Oracle Corp.’s dividend payout ratio is presently 28.57%.
Several research analysts recently issued reports on ORCL shares. Cowen and Company set a $46.00 target price on Oracle Corp. and gave the stock a “buy” rating in a research report on Friday, September 16th. BTIG Research reaffirmed a “buy” rating and set a $44.00 target price on shares of Oracle Corp. in a research report on Friday, June 17th. Vetr lowered Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 target price for the company. in a research report on Wednesday, September 7th. DA Davidson started coverage on Oracle Corp. in a research report on Monday, August 8th. They set a “buy” rating for the company. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $41.00 target price 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 assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Oracle Corp. presently has an average rating of “Buy” and an average target price of $44.89.
In related news, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares in the company, valued at approximately $990,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $40.16, for a total transaction of $150,600.00. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. 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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