Biegel & Waller LLC grew its holdings in Oracle Corporation (NYSE:ORCL) by 35.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,613 shares of the enterprise software provider’s stock after purchasing an additional 2,000 shares during the period. Biegel & Waller LLC’s holdings in Oracle Corporation were worth $382,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in shares of Oracle Corporation by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock worth $509,383,000 after acquiring an additional 450,836 shares during the period. Partnervest Advisory Services LLC grew its holdings in shares of Oracle Corporation by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares during the period. Lockheed Martin Investment Management Co. grew its holdings in shares of Oracle Corporation by 125.6% in the second quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock worth $8,331,000 after acquiring an additional 92,500 shares during the period. Pinnacle Financial Partners Inc. grew its holdings in shares of Oracle Corporation by 8.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock worth $5,701,000 after acquiring an additional 9,328 shares during the period. Finally, Boston Partners grew its holdings in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after acquiring an additional 3,054,765 shares during the period. 58.05% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the company. Credit Suisse Group assumed coverage on Oracle Corporation in a report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price target for the company. Vetr lowered Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a report on Sunday, September 3rd. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. ValuEngine raised Oracle Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Twelve investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $55.05.
Shares of Oracle Corporation (NYSE ORCL) opened at $49.20 on Wednesday. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $206,170.20, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. Oracle Corporation has a twelve month low of $37.64 and a twelve month high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. Oracle Corporation’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. equities analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle Corporation’s dividend payout ratio is currently 33.19%.
In other news, EVP Dorian Daley sold 25,776 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 30,977 shares in the company, valued at approximately $1,488,444.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $48.70, for a total value of $182,625.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 302,026 shares of company stock valued at $14,638,887. 29.00% of the stock is owned by company insiders.
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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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