Virginia Retirement Systems ET AL acquired a new position in Oracle Corp. (NYSE:ORCL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 399,700 shares of the enterprise software provider’s stock, valued at approximately $16,360,000.
Several other hedge funds have also modified their holdings of the company. Emerald Acquisition Ltd. purchased a new position in Oracle Corp. during the second quarter valued at $540,085,000. Bank of Montreal Can bought a new position in shares of Oracle Corp. during the second quarter worth approximately $126,162,000. Loomis Sayles & Co. L P increased its position 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 worth $904,361,000 after buying an additional 2,888,674 shares in the last quarter. Schroder Investment Management Group increased its position in shares of 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 worth $396,697,000 after buying an additional 2,520,399 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of 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 worth $147,727,000 after buying an additional 1,826,039 shares in the last quarter. 58.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) opened at 38.99 on Tuesday. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00. The company has a 50 day moving average price of $40.42 and a 200 day moving average price of $40.37. The company has a market cap of $160.08 billion, a P/E ratio of 18.52 and a beta of 1.23.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the 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 in the previous year, the company earned $0.53 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Oracle Corp. will post $2.63 earnings per share for the current year.
The firm also recently disclosed 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 is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. Oracle Corp.’s dividend payout ratio is presently 28.57%.
ORCL has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $47.00 price objective on shares of Oracle Corp. in a research report on Monday, August 22nd. Vetr downgraded Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price objective for the company. in a research report on Wednesday, September 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $41.00 price objective on shares of Oracle Corp. in a research report on Thursday, September 15th. Cowen and Company restated an “outperform” rating and set a $46.00 target price on shares of Oracle Corp. in a research note on Monday, September 26th. Finally, Stifel Nicolaus decreased their target price on Oracle Corp. from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, September 23rd. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Oracle Corp. has an average rating of “Buy” and an average target price of $44.76.
In related news, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the transaction, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $41.12, for a total value of $154,200.00. Following the transaction, the director now owns 8,281 shares in the company, valued at $340,514.72. The disclosure for this sale can be found here. Corporate insiders own 29.00% 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.
Receive News & Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related companies with MarketBeat.com's FREE daily email newsletter.