Independent Investors Inc. trimmed its position in shares of Oracle Corporation (NYSE:ORCL) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,700 shares of the enterprise software provider’s stock after selling 1,800 shares during the period. Oracle Corporation makes up approximately 1.3% of Independent Investors Inc.’s holdings, making the stock its 22nd biggest holding. Independent Investors Inc.’s holdings in Oracle Corporation were worth $2,993,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Waldron LP increased its position in shares of Oracle Corporation by 344.1% during the 1st quarter. Waldron LP now owns 34,947 shares of the enterprise software provider’s stock valued at $1,558,000 after purchasing an additional 27,077 shares during the last quarter. Narwhal Capital Management increased its position in shares of Oracle Corporation by 4.2% during the 1st quarter. Narwhal Capital Management now owns 12,265 shares of the enterprise software provider’s stock valued at $547,000 after purchasing an additional 500 shares during the last quarter. Kanawha Capital Management LLC increased its position in shares of Oracle Corporation by 3.0% during the 1st quarter. Kanawha Capital Management LLC now owns 169,882 shares of the enterprise software provider’s stock valued at $7,578,000 after purchasing an additional 4,930 shares during the last quarter. Paragon Capital Management Ltd bought a new position in shares of Oracle Corporation during the 1st quarter valued at approximately $541,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Oracle Corporation by 47.8% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,225,800 shares of the enterprise software provider’s stock valued at $54,683,000 after purchasing an additional 396,600 shares during the last quarter. 57.83% of the stock is currently owned by institutional investors and hedge funds.
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Several equities analysts have recently weighed in on the company. UBS AG reissued a “buy” rating and set a $57.00 target price (up previously from $52.00) on shares of Oracle Corporation in a research report on Friday, September 15th. Barclays PLC upped their price objective on Oracle Corporation from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on Oracle Corporation and gave the company a “buy” rating in a research report on Friday, September 15th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Oracle Corporation in a research report on Friday, September 15th. Finally, Jefferies Group LLC upped their price objective on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $53.37.
Oracle Corporation (NYSE:ORCL) opened at 48.23 on Friday. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14. The firm has a market capitalization of $201.27 billion, a PE ratio of 20.98 and a beta of 1.05. The stock’s 50 day moving average price is $49.44 and its 200 day moving average price is $47.61.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. Analysts expect that Oracle Corporation will post $2.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle Corporation’s dividend payout ratio (DPR) is 33.19%.
In related news, EVP Dorian Daley sold 76,703 shares of Oracle Corporation stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation 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 completion of the transaction, the insider now owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The disclosure for this sale can be found here. Insiders sold 1,055,776 shares of company stock valued at $52,673,112 over the last quarter. Insiders own 29.00% of the company’s stock.
Oracle Corporation 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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