Capital Insight Partners LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 55,257 shares of the enterprise software provider’s stock after buying an additional 441 shares during the period. Oracle Corporation accounts for 2.2% of Capital Insight Partners LLC’s holdings, making the stock its 18th largest position. Capital Insight Partners LLC’s holdings in Oracle Corporation were worth $2,465,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Wetherby Asset Management Inc. boosted its stake in Oracle Corporation by 3.6% in the first quarter. Wetherby Asset Management Inc. now owns 69,724 shares of the enterprise software provider’s stock worth $3,111,000 after buying an additional 2,423 shares during the last quarter. Alerus Financial NA boosted its stake in Oracle Corporation by 0.8% in the first quarter. Alerus Financial NA now owns 111,529 shares of the enterprise software provider’s stock worth $4,975,000 after buying an additional 898 shares during the last quarter. Palisade Asset Management LLC boosted its stake in Oracle Corporation by 0.6% in the first quarter. Palisade Asset Management LLC now owns 216,909 shares of the enterprise software provider’s stock worth $9,676,000 after buying an additional 1,192 shares during the last quarter. Virtu Financial LLC bought a new stake in Oracle Corporation during the first quarter worth $255,000. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its stake in Oracle Corporation by 10.2% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 500,707 shares of the enterprise software provider’s stock worth $22,337,000 after buying an additional 46,518 shares during the last quarter. 58.54% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corporation (ORCL) opened at 50.44 on Tuesday. The firm has a 50 day moving average price of $46.11 and a 200-day moving average price of $43.14. The firm has a market capitalization of $208.65 billion, a price-to-earnings ratio of 22.82 and a beta of 1.06. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. On average, equities analysts forecast that Oracle Corporation will post $2.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.
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ORCL has been the topic of a number of research analyst reports. Wunderlich reissued a “hold” rating and set a $46.00 price objective (up previously from $43.00) on shares of Oracle Corporation in a report on Monday, March 20th. Pacific Crest restated an “equal weight” rating on shares of Oracle Corporation in a research report on Monday, March 20th. Vetr upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $47.09 target price on the stock in a research report on Monday, March 20th. Wedbush restated a “neutral” rating and set a $43.00 target price on shares of Oracle Corporation in a research report on Wednesday, March 29th. Finally, Rosenblatt Securities raised their target price on shares of Oracle Corporation from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have issued a buy rating to the company. Oracle Corporation has a consensus rating of “Buy” and a consensus price target of $50.52.
In other Oracle Corporation news, Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the sale, the director now owns 63,985 shares of the company’s stock, valued at approximately $3,183,253.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark V. Hurd sold 350,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $49.76, for a total value of $17,416,000.00. Following the completion of the sale, the chief executive officer now directly owns 553,891 shares in the company, valued at approximately $27,561,616.16. The disclosure for this sale can be found here. Insiders have sold 1,561,351 shares of company stock worth $75,910,784 in the last three months. 29.00% of the stock is currently owned by company insiders.
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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