US Bancorp DE reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 1,885,746 shares of the enterprise software provider’s stock after selling 8,073 shares during the period. US Bancorp DE’s holdings in Oracle Corporation were worth $94,552,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC raised its stake in Oracle Corporation by 10.8% in the fourth quarter. Perigon Wealth Management LLC now owns 21,108 shares of the enterprise software provider’s stock worth $901,000 after buying an additional 2,058 shares during the period. M Holdings Securities Inc. raised its stake in Oracle Corporation by 25.2% in the fourth quarter. M Holdings Securities Inc. now owns 9,080 shares of the enterprise software provider’s stock worth $349,000 after buying an additional 1,829 shares during the period. Pegasus Partners Ltd. raised its stake in Oracle Corporation by 1.9% in the fourth quarter. Pegasus Partners Ltd. now owns 71,983 shares of the enterprise software provider’s stock worth $2,768,000 after buying an additional 1,372 shares during the period. Kentucky Retirement Systems purchased a new stake in Oracle Corporation during the fourth quarter worth $8,362,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Oracle Corporation during the fourth quarter worth $3,731,000. 58.77% of the stock is owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE ORCL) traded down 1.49% on Thursday, reaching $48.33. 4,995,899 shares of the company’s stock were exchanged. The company has a market capitalization of $199.93 billion, a P/E ratio of 21.87 and a beta of 1.06. The firm has a 50-day moving average price of $50.11 and a 200-day moving average price of $45.32. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter last year, the business earned $0.81 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Equities research analysts expect that Oracle Corporation will post $2.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.
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A number of analysts recently weighed in on ORCL shares. Wedbush reissued a “neutral” rating and issued a $43.00 price objective on shares of Oracle Corporation in a research report on Thursday, April 13th. Benchmark Co. started coverage on shares of Oracle Corporation in a research report on Thursday, April 27th. They issued a “buy” rating and a $55.00 price objective on the stock. Vetr lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research report on Thursday, May 4th. Societe Generale lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $51.00 to $50.00 in a research report on Thursday, May 11th. Finally, Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.70.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $45.25, for a total value of $169,687.50. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at approximately $374,715.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the transaction, the insider now owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. Insiders sold a total of 1,817,500 shares of company stock valued at $91,547,388 in the last 90 days. Company insiders own 29.00% of the company’s stock.
Oracle Corporation 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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