Virtu Financial LLC Invests $255,000 in Oracle Corporation (ORCL)
Virtu Financial LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, Holdings Channel reports. The firm acquired 5,716 shares of the enterprise software provider’s stock, valued at approximately $255,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. State Street Corp raised its stake in Oracle Corporation by 2.8% in the fourth quarter. State Street Corp now owns 122,008,115 shares of the enterprise software provider’s stock valued at $4,691,214,000 after buying an additional 3,341,689 shares during the period. Franklin Resources Inc. raised its stake in Oracle Corporation by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 28,945,335 shares of the enterprise software provider’s stock valued at $1,113,025,000 after buying an additional 3,364,595 shares during the period. Norges Bank bought a new stake in Oracle Corporation during the fourth quarter valued at approximately $1,090,559,000. Loomis Sayles & Co. L P raised its stake in Oracle Corporation by 5.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 26,806,532 shares of the enterprise software provider’s stock valued at $1,030,711,000 after buying an additional 1,454,996 shares during the period. Finally, Vulcan Value Partners LLC raised its stake in Oracle Corporation by 1.3% in the fourth quarter. Vulcan Value Partners LLC now owns 22,633,884 shares of the enterprise software provider’s stock valued at $870,273,000 after buying an additional 299,598 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation (NYSE:ORCL) opened at 50.86 on Tuesday. The company’s 50-day moving average price is $45.18 and its 200 day moving average price is $42.67. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.70. The firm has a market capitalization of $210.15 billion, a PE ratio of 23.01 and a beta of 1.13.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same quarter in the previous year, the business earned $0.81 EPS. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, July 17th. Oracle Corporation’s payout ratio is presently 34.55%.
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ORCL has been the topic of several analyst reports. Bank of America Corporation raised their target price on Oracle Corporation to $54.00 in a report on Thursday, March 16th. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, May 16th. TheStreet raised Oracle Corporation from a “c+” rating to a “b” rating in a report on Tuesday, February 28th. Cowen and Company reaffirmed an “outperform” rating and set a $46.00 target price on shares of Oracle Corporation in a report on Saturday, March 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $51.00 target price on shares of Oracle Corporation in a report on Monday, March 13th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.75.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Monday, April 17th. The shares were sold at an average price of $44.00, for a total value of $165,000.00. Following the transaction, the director now owns 8,281 shares in the company, valued at approximately $364,364. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 394,081 shares of Oracle Corporation stock in a transaction on Monday, May 1st. The stock was sold at an average price of $45.01, for a total transaction of $17,737,585.81. Following the completion of the transaction, the chief executive officer now owns 855,941 shares in the company, valued at approximately $38,525,904.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,851 shares of company stock valued at $49,757,846. 29.00% of the stock is owned by company insiders.
Oracle Corporation 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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