Notis McConarty Edward cut its stake in shares of Oracle Corporation (NYSE:ORCL) by 15.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,487 shares of the enterprise software provider’s stock after selling 6,775 shares during the quarter. Oracle Corporation makes up approximately 1.2% of Notis McConarty Edward’s portfolio, making the stock its 29th biggest position. Notis McConarty Edward’s holdings in Oracle Corporation were worth $1,829,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in ORCL. Macquarie Group Ltd. grew its position in shares of Oracle Corporation by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares in the last quarter. Boston Partners grew its position in shares of Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares in the last quarter. Swiss National Bank grew its position in shares of Oracle Corporation by 26.2% during the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after buying an additional 2,309,400 shares in the last quarter. Marathon Asset Management LLP grew its position in shares of Oracle Corporation by 70.7% during the second quarter. Marathon Asset Management LLP now owns 4,398,780 shares of the enterprise software provider’s stock worth $220,555,000 after buying an additional 1,821,601 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Oracle Corporation by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after buying an additional 1,521,879 shares in the last quarter. 58.67% of the stock is owned by institutional investors and hedge funds.
Shares of Oracle Corporation (NYSE ORCL) traded up 0.486% during mid-day trading on Tuesday, reaching $52.745. The company’s stock had a trading volume of 6,853,884 shares. The firm’s 50 day moving average is $49.78 and its 200-day moving average is $46.74. The company has a market capitalization of $218.19 billion, a PE ratio of 23.867 and a beta of 1.05. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $52.89.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. Oracle Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that Oracle Corporation will post $2.95 EPS for the current year.
In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the transaction, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $807,831.25. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,560,925 in the last quarter. 29.00% of the stock is currently owned by corporate insiders.
A number of brokerages have recently commented on ORCL. UBS AG reissued a “buy” rating and set a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Vetr downgraded Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective for the company. in a research report on Tuesday. Royal Bank Of Canada upped their price target on Oracle Corporation from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday. BidaskClub raised Oracle Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 price target on shares of Oracle Corporation in a report on Monday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $51.63.
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About Oracle Corporation
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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