Daiwa Securities Group Inc. Decreases Position in Oracle Corp. (ORCL)
Daiwa Securities Group Inc. decreased its position in Oracle Corp. (NYSE:ORCL) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,683 shares of the enterprise software provider’s stock after selling 14,700 shares during the period. Daiwa Securities Group Inc.’s holdings in Oracle Corp. were worth $6,413,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in ORCL. BLB&B Advisors LLC raised its position in shares of Oracle Corp. by 0.3% in the first quarter. BLB&B Advisors LLC now owns 9,711 shares of the enterprise software provider’s stock worth $397,000 after buying an additional 28 shares during the period. Bollard Group LLC raised its stake in shares of Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares during the period. Asset Dedication LLC raised its stake in shares of Oracle Corp. by 0.6% in the second quarter. Asset Dedication LLC now owns 18,262 shares of the enterprise software provider’s stock valued at $739,000 after buying an additional 100 shares during the period. Murphy Capital Management Inc. raised its stake in shares of Oracle Corp. by 0.7% in the second quarter. Murphy Capital Management Inc. now owns 19,210 shares of the enterprise software provider’s stock valued at $786,000 after buying an additional 135 shares during the period. Finally, Legacy Private Trust Co. raised its stake in shares of Oracle Corp. by 0.6% in the first quarter. Legacy Private Trust Co. now owns 25,531 shares of the enterprise software provider’s stock valued at $1,044,000 after buying an additional 160 shares during the period. 58.00% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corp. (NYSE:ORCL) traded up 0.41% on Friday, reaching $39.28. The company’s stock had a trading volume of 12,861,882 shares. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The firm has a market cap of $161.27 billion, a price-to-earnings ratio of 18.66 and a beta of 1.08. The firm has a 50 day moving average of $40.48 and a 200 day moving average of $40.37.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The firm had revenue of $8.60 billion for the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Analysts anticipate that Oracle Corp. will post $2.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.53%. Oracle Corp.’s dividend payout ratio (DPR) is currently 28.57%.
Several equities research analysts have issued reports on ORCL shares. JPMorgan Chase & Co. reissued an “underperform” rating on shares of Oracle Corp. in a report on Monday, June 6th. Nomura reissued a “buy” rating and issued a $44.00 price target on shares of Oracle Corp. in a report on Thursday, June 9th. Pacific Crest reissued a “hold” rating on shares of Oracle Corp. in a report on Friday, June 10th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $48.00 price target on shares of Oracle Corp. in a report on Friday, June 10th. Finally, MKM Partners reissued a “hold” rating and issued a $42.00 price target on shares of Oracle Corp. in a report on Friday, June 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the stock. Oracle Corp. currently has a consensus rating of “Buy” and a consensus target price of $44.76.
In related news, EVP Dorian Daley sold 16,065 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares in the company, valued at $990,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $41.78, for a total value of $156,675.00. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $345,980.18. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
About Oracle Corp.
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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