Edmond DE Rothschild Holding S.A. Raises Position in Oracle Corporation (NYSE:ORCL)
Edmond DE Rothschild Holding S.A. raised its position in shares of Oracle Corporation (NYSE:ORCL) by 3,039.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 135,145 shares of the enterprise software provider’s stock after buying an additional 130,840 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Oracle Corporation were worth $6,029,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Perigon Wealth Management LLC boosted its stake in shares of Oracle Corporation by 10.8% in the fourth quarter. Perigon Wealth Management LLC now owns 21,108 shares of the enterprise software provider’s stock worth $901,000 after buying an additional 2,058 shares during the period. M Holdings Securities Inc. boosted its stake in shares of Oracle Corporation by 25.2% in the fourth quarter. M Holdings Securities Inc. now owns 9,080 shares of the enterprise software provider’s stock worth $349,000 after buying an additional 1,829 shares during the period. Pegasus Partners Ltd. boosted its stake in shares of Oracle Corporation by 1.9% in the fourth quarter. Pegasus Partners Ltd. now owns 71,983 shares of the enterprise software provider’s stock worth $2,768,000 after buying an additional 1,372 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of Oracle Corporation during the fourth quarter worth approximately $8,362,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Oracle Corporation during the fourth quarter worth approximately $3,731,000. Hedge funds and other institutional investors own 58.77% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded down 0.764% on Thursday, hitting $48.685. The stock had a trading volume of 2,238,628 shares. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The company has a market cap of $201.39 billion, a PE ratio of 22.029 and a beta of 1.06. The company has a 50-day moving average of $50.11 and a 200 day moving average of $45.32.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) 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%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. On average, analysts predict that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is presently 34.55%.
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ORCL has been the topic of a number of research reports. Wedbush restated a “neutral” rating and set a $43.00 target price on shares of Oracle Corporation in a report on Thursday, April 13th. Benchmark Co. initiated coverage on shares of Oracle Corporation in a report on Thursday, April 27th. They set a “buy” rating and a $55.00 target price on the stock. Vetr cut shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a report on Thursday, May 4th. Societe Generale cut shares of Oracle Corporation from a “buy” rating to a “hold” rating and dropped their target price for the company from $51.00 to $50.00 in a report on Thursday, May 11th. Finally, Zacks Investment Research upgraded shares of 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. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company. Oracle Corporation currently has an average rating of “Buy” and a consensus price target of $50.70.
In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the business’s 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 transaction, the executive vice president now owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Chizen sold 206,250 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value of $10,260,937.50. Following the transaction, the director now directly owns 63,985 shares in the company, valued at approximately $3,183,253.75. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock worth $91,547,388 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.
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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