Pekin Singer Strauss Asset Management IL purchased a new position in shares of Oracle Corporation (NYSE:ORCL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,462 shares of the enterprise software provider’s stock, valued at approximately $274,000.
Several other institutional investors and hedge funds have also bought and sold shares of ORCL. State Street Corp grew its holdings in Oracle Corporation by 1.0% during the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after purchasing an additional 1,187,802 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 valued at $2,397,824,000 after purchasing an additional 1,521,879 shares during the period. Harris Associates L P grew its holdings in Oracle Corporation by 0.4% during the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after purchasing an additional 156,122 shares during the period. First Eagle Investment Management LLC grew its holdings in Oracle Corporation by 3.7% during the first quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock valued at $1,839,501,000 after purchasing an additional 1,467,144 shares during the period. Finally, Boston Partners grew its holdings in Oracle Corporation by 5.4% during the second quarter. Boston Partners now owns 19,225,637 shares of the enterprise software provider’s stock valued at $963,974,000 after purchasing an additional 991,458 shares during the period. 57.94% of the stock is owned by institutional investors and hedge funds.
Shares of Oracle Corporation (NYSE:ORCL) opened at 49.98 on Wednesday. The firm has a market capitalization of $208.57 billion, a P/E ratio of 21.74 and a beta of 1.05. Oracle Corporation has a 52 week low of $37.64 and a 52 week high of $53.14. The firm’s 50-day moving average is $49.35 and its 200-day moving average is $47.93.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.
ORCL has been the subject of a number of analyst reports. Vetr cut shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price objective for the company. in a report on Sunday, September 3rd. Zacks Investment Research cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $53.00 price objective on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, ValuEngine upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $53.50.
In other news, EVP Dorian Daley sold 25,776 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the sale, the executive vice president now directly owns 30,977 shares in the company, valued at $1,488,444.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the sale, the director now owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,776 shares of company stock worth $14,822,112. Company insiders own 29.00% of the company’s stock.
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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