Farmhouse Investment Management LLC Acquires New Position in Oracle Corporation (NYSE:ORCL)
Farmhouse Investment Management LLC acquired a new stake in shares of Oracle Corporation (NYSE:ORCL) during the first quarter, Holdings Channel reports. The firm acquired 5,772 shares of the enterprise software provider’s stock, valued at approximately $260,000.
Several other institutional investors also recently modified their holdings of ORCL. Boston Partners increased its position in Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the period. Quotient Investors LLC increased its position in Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock valued at $1,865,000 after buying an additional 30,300 shares during the period. Gateway Investment Advisers LLC increased its position in Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock valued at $83,312,000 after buying an additional 17,458 shares during the period. Macquarie Group Ltd. increased 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 during the period. Finally, Nadler Financial Group Inc. increased its position in Oracle Corporation by 1.3% in the first quarter. Nadler Financial Group Inc. now owns 32,911 shares of the enterprise software provider’s stock valued at $1,468,000 after buying an additional 429 shares during the period. 58.77% of the stock is currently owned by institutional investors.
Oracle Corporation (NYSE:ORCL) traded up 0.29% during mid-day trading on Friday, reaching $48.24. 11,704,784 shares of the company traded hands. The company’s 50-day moving average is $50.10 and its 200-day moving average is $45.40. The stock has a market capitalization of $199.55 billion, a price-to-earnings ratio of 21.83 and a beta of 1.06. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its earnings results 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. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. Equities analysts predict 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. Investors of record on Wednesday, July 19th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.58%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.
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Several equities analysts recently commented on ORCL shares. Sanford C. Bernstein restated an “outperform” rating and issued a $54.00 price target on shares of Oracle Corporation in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on shares of Oracle Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Canaccord Genuity downgraded shares of Oracle Corporation to a “buy” rating and upped their price target for the company from $49.00 to $56.00 in a research note on Thursday, June 22nd. UBS AG restated a “buy” rating and issued a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton restated a “buy” rating and issued a $62.00 price target (up from $53.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.70.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on 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 owns 8,281 shares of the company’s stock, valued at approximately $374,715.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Boskin sold 150,000 shares of Oracle Corporation stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $50.69, for a total value of $7,603,500.00. Following the sale, the director now directly owns 99,454 shares in the company, valued at approximately $5,041,323.26. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock worth $91,547,388 in the last three months. 29.00% of the stock is owned by corporate insiders.
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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