Investment House LLC Sells 150 Shares of Oracle Corp. (ORCL)
Investment House LLC cut its position in Oracle Corp. (NYSE:ORCL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,206 shares of the enterprise software provider’s stock after selling 150 shares during the period. Investment House LLC’s holdings in Oracle Corp. were worth $2,996,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Oracle Corp. by 1.4% in the first quarter. Geode Capital Management LLC now owns 26,203,540 shares of the enterprise software provider’s stock worth $1,069,861,000 after buying an additional 349,764 shares in the last quarter. Franklin Resources Inc. increased its position in Oracle Corp. by 1.8% in the first quarter. Franklin Resources Inc. now owns 24,814,184 shares of the enterprise software provider’s stock worth $1,015,154,000 after buying an additional 448,586 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Oracle Corp. by 8.4% in the first quarter. TIAA CREF Investment Management LLC now owns 23,110,948 shares of the enterprise software provider’s stock worth $945,469,000 after buying an additional 1,781,709 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock worth $904,361,000 after buying an additional 2,888,674 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Oracle Corp. by 9.4% in the second quarter. Nordea Investment Management AB now owns 14,913,986 shares of the enterprise software provider’s stock worth $610,429,000 after buying an additional 1,284,631 shares in the last quarter. 58.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) traded down 0.72% on Thursday, hitting $38.87. The company had a trading volume of 9,789,055 shares. The company has a market capitalization of $159.58 billion, a P/E ratio of 18.47 and a beta of 1.23. The firm has a 50-day moving average price of $40.22 and a 200 day moving average price of $40.34. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during 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. Equities analysts expect that Oracle Corp. will post $2.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. Oracle Corp.’s dividend payout ratio is 28.57%.
Several equities analysts have recently issued reports on ORCL shares. Cowen and Company set a $46.00 price target on shares of Oracle Corp. and gave the company a “buy” rating in a report on Friday, September 16th. Royal Bank Of Canada boosted their price target on shares of Oracle Corp. from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, September 30th. BTIG Research reissued a “buy” rating and set a $44.00 price target on shares of Oracle Corp. in a report on Friday, June 17th. Vetr downgraded shares of Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 price target for the company. in a report on Wednesday, September 7th. Finally, DA Davidson started coverage on shares of Oracle Corp. in a report on Monday, August 8th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Oracle Corp. currently has a consensus rating of “Buy” and a consensus target price of $44.76.
In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the transaction, the executive vice president now directly owns 119,645 shares in the company, valued at $4,925,784.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the transaction, the executive vice president now owns 25,000 shares of the company’s stock, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by company insiders.
Oracle Corp. 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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