Dynamic Capital Management Ltd Buys Shares of 585,273 Oracle Corporation (NYSE:ORCL)
Dynamic Capital Management Ltd bought a new stake in Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 585,273 shares of the enterprise software provider’s stock, valued at approximately $26,109,000. Oracle Corporation comprises 4.2% of Dynamic Capital Management Ltd’s investment portfolio, making the stock its 2nd largest position.
Several other large investors have also recently added to or reduced their stakes in ORCL. Accident Compensation Corp raised its stake in shares of Oracle Corporation by 1.1% in the first quarter. Accident Compensation Corp now owns 93,859 shares of the enterprise software provider’s stock worth $4,187,000 after buying an additional 1,000 shares during the last quarter. Stockman Wealth Management Inc. raised its stake in shares of Oracle Corporation by 12.5% in the first quarter. Stockman Wealth Management Inc. now owns 77,208 shares of the enterprise software provider’s stock worth $3,444,000 after buying an additional 8,609 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Oracle Corporation by 13.9% in the first quarter. SRS Capital Advisors Inc. now owns 5,351 shares of the enterprise software provider’s stock worth $238,000 after buying an additional 653 shares during the last quarter. Good Life Advisors LLC bought a new stake in shares of Oracle Corporation during the first quarter worth $292,000. Finally, WINTON GROUP Ltd raised its stake in shares of Oracle Corporation by 34.7% in the first quarter. WINTON GROUP Ltd now owns 916,480 shares of the enterprise software provider’s stock worth $35,999,000 after buying an additional 236,165 shares during the last quarter. Hedge funds and other institutional investors own 58.77% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded down 0.59% during trading on Thursday, reaching $48.77. 742,211 shares of the company’s stock were exchanged. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $51.85. The firm has a market capitalization of $201.75 billion, a price-to-earnings ratio of 22.07 and a beta of 1.06. The stock has a 50-day moving average price of $50.11 and a 200 day moving average price of $45.32.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter last year, the company earned $0.81 earnings per share. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.
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A number of equities research analysts recently weighed in on ORCL shares. Goldman Sachs Group, Inc. (The) set a $49.00 price objective on shares of Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 12th. Benchmark Co. started coverage on shares of Oracle Corporation in a report on Thursday, April 27th. They set a “buy” rating and a $55.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and set a $49.00 price objective on shares of Oracle Corporation in a report on Friday, May 26th. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a report on Friday, May 19th. Finally, Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.70.
In other news, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the transaction, the executive vice president now owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction on 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 of the company’s stock, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last three months, insiders sold 1,817,500 shares of company stock valued at $91,547,388. 29.00% of the stock is owned by corporate 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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