Oracle Corporation (NYSE:ORCL) Shares Bought by Nippon Life Global Investors Americas Inc.
Nippon Life Global Investors Americas Inc. boosted its position in Oracle Corporation (NYSE:ORCL) by 0.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,200 shares of the enterprise software provider’s stock after buying an additional 20 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Oracle Corporation were worth $9,690,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Oracle Corporation during the fourth quarter valued at about $3,731,000. Searle & CO. bought a new position in Oracle Corporation during the fourth quarter valued at about $536,000. Macquarie Group Ltd. boosted its position in Oracle Corporation by 16.2% in the fourth quarter. Macquarie Group Ltd. now owns 288,854 shares of the enterprise software provider’s stock valued at $11,107,000 after buying an additional 40,221 shares in the last quarter. Beacon Financial Group boosted its position in Oracle Corporation by 5.6% in the first quarter. Beacon Financial Group now owns 50,276 shares of the enterprise software provider’s stock valued at $2,246,000 after buying an additional 2,688 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its position in Oracle Corporation by 5.7% in the first quarter. Toth Financial Advisory Corp now owns 28,563 shares of the enterprise software provider’s stock valued at $1,274,000 after buying an additional 1,539 shares in the last quarter. Hedge funds and other institutional investors own 58.77% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) traded up 0.29% on Friday, hitting $48.24. 11,704,784 shares of the stock were exchanged. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The firm has a market capitalization of $199.55 billion, a PE ratio of 21.83 and a beta of 1.06. The company has a 50-day moving average price of $50.10 and a 200-day moving average price of $45.40.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. Oracle Corporation’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. Equities research analysts expect that Oracle Corporation will post $2.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s payout ratio is 34.55%.
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Several research firms have issued reports on ORCL. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Pacific Crest reaffirmed an “equal weight” rating on shares of Oracle Corporation in a report on Friday, June 23rd. MKM Partners reaffirmed a “neutral” rating and issued a $48.00 price target (up previously from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Mitsubishi UFJ Financial Group set a $63.00 price target on Oracle Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.70.
In related news, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the sale, the executive vice president now owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $45.25, for a total transaction of $169,687.50. Following the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $374,715.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock valued at $91,547,388 in the last ninety days. 29.00% of the stock is currently owned by 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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