Utah Retirement Systems cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 527,296 shares of the enterprise software provider’s stock after selling 15,000 shares during the quarter. Utah Retirement Systems’ holdings in Oracle Corporation were worth $26,439,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Macquarie Group Ltd. raised its stake in shares of Oracle Corporation by 6,353.4% in the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after acquiring an additional 18,351,920 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Oracle Corporation by 376.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock worth $203,218,000 after buying an additional 3,202,664 shares during the period. Boston Partners increased its position in Oracle Corporation by 20.1% in the 1st 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 during the period. Swiss National Bank increased its position in Oracle Corporation by 26.2% in the 1st 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 during the period. Finally, Marathon Asset Management LLP increased its position in Oracle Corporation by 70.7% in the 2nd 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 during the period. Hedge funds and other institutional investors own 58.05% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) opened at $49.40 on Tuesday. Oracle Corporation has a fifty-two week low of $37.64 and a fifty-two week high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. The firm has a market cap of $205,836.33, a PE ratio of 19.34, a PEG ratio of 1.88 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. research analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.54%. Oracle Corporation’s dividend payout ratio (DPR) is 33.19%.
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In related news, EVP Dorian Daley sold 76,703 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a document filed 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 that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 302,026 shares of company stock valued at $14,638,887. 29.00% of the stock is owned by corporate insiders.
ORCL has been the topic of several recent research reports. UBS AG reissued a “neutral” rating and set a $55.00 price objective (down previously from $57.00) on shares of Oracle Corporation in a report on Thursday, November 9th. Vetr raised Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price target on the stock in a research note on Monday. BidaskClub lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 price target on shares of Oracle Corporation in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Twelve research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $55.05.
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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