Richard Bernstein Advisors LLC Has $9,190,000 Position in Oracle Corporation (NYSE:ORCL)
Richard Bernstein Advisors LLC continued to hold its stake in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,998 shares of the enterprise software provider’s stock at the end of the first quarter. Richard Bernstein Advisors LLC’s holdings in Oracle Corporation were worth $9,190,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ORCL. AE Wealth Management LLC bought a new stake in Oracle Corporation during the fourth quarter valued at approximately $272,000. CMH Wealth Management LLC bought a new stake in Oracle Corporation during the fourth quarter valued at approximately $1,321,000. SNS Financial Group LLC boosted its stake in Oracle Corporation by 4.0% in the fourth quarter. SNS Financial Group LLC now owns 38,666 shares of the enterprise software provider’s stock valued at $1,487,000 after buying an additional 1,502 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Oracle Corporation during the fourth quarter valued at approximately $273,000. Finally, WFG Advisors LP boosted its stake in Oracle Corporation by 44.5% in the fourth quarter. WFG Advisors LP now owns 4,665 shares of the enterprise software provider’s stock valued at $162,000 after buying an additional 1,437 shares in the last quarter. 58.77% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation (ORCL) opened at 49.96 on Monday. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The stock has a 50 day moving average of $49.35 and a 200 day moving average of $44.95. The stock has a market cap of $206.67 billion, a P/E ratio of 22.61 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.11. The firm had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s payout ratio is currently 34.55%.
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Several research firms have recently commented on ORCL. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 25th. KeyCorp reaffirmed a “buy” rating and issued a $61.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 18th. Bank of America Corporation dropped their target price on shares of Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Finally, Mitsubishi UFJ Financial Group set a $63.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $50.70.
In other news, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the transaction, the insider now directly owns 783,533 shares in the company, valued at approximately $39,537,075.18. The transaction 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 firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $911,687.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,817,500 shares of company stock worth $91,547,388. Corporate insiders own 29.00% of the company’s stock.
About Oracle Corporation
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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