Pioneer Trust Bank N A OR boosted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,688 shares of the enterprise software provider’s stock after acquiring an additional 2,155 shares during the period. Oracle Corporation makes up approximately 2.3% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 17th largest holding. Pioneer Trust Bank N A OR’s holdings in Oracle Corporation were worth $4,146,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Coastline Trust Co lifted its holdings in shares of Oracle Corporation by 0.6% in the first quarter. Coastline Trust Co now owns 72,524 shares of the enterprise software provider’s stock valued at $3,235,000 after purchasing an additional 420 shares in the last quarter. Patten & Patten Inc. TN bought a new stake in shares of Oracle Corporation in the first quarter valued at about $215,000. Barometer Capital Management Inc. bought a new stake in shares of Oracle Corporation in the first quarter valued at about $10,568,000. Nisa Investment Advisors LLC lifted its holdings in shares of Oracle Corporation by 4.3% in the first quarter. Nisa Investment Advisors LLC now owns 1,134,253 shares of the enterprise software provider’s stock valued at $50,596,000 after purchasing an additional 46,840 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC lifted its holdings in shares of Oracle Corporation by 213.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 54,353 shares of the enterprise software provider’s stock valued at $2,425,000 after purchasing an additional 37,001 shares in the last quarter. Hedge funds and other institutional investors own 58.67% of the company’s stock.
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Shares of Oracle Corporation (NYSE ORCL) traded down 6.829% on Friday, hitting $49.185. The stock had a trading volume of 33,241,652 shares. The firm has a 50-day moving average of $50.01 and a 200 day moving average of $46.93. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $53.14. The company has a market capitalization of $203.46 billion, a PE ratio of 22.256 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the 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 net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.44%. Oracle Corporation’s dividend payout ratio is presently 34.55%.
In other news, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark V. Hurd sold 350,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at $27,561,616.16. The disclosure for this sale can be found here. Insiders sold 1,813,750 shares of company stock valued at $91,393,788 over the last three months. 29.00% of the stock is currently owned by insiders.
A number of brokerages have recently commented on ORCL. Wedbush restated an “outperform” rating and issued a $58.00 price target on shares of Oracle Corporation in a report on Friday. UBS AG restated a “buy” rating and issued a $57.00 price target (up from $52.00) on shares of Oracle Corporation in a report on Friday. J P Morgan Chase & Co set a $55.00 price target on Oracle Corporation and gave the company a “buy” rating in a report on Friday. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Friday. Finally, Jefferies Group LLC boosted their price target on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday. Two equities research 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 company. The stock has an average rating of “Buy” and an average target price of $52.29.
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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