Oracle Corporation (ORCL) Holdings Cut by Robinson Value Management Ltd.
Robinson Value Management Ltd. decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,042 shares of the enterprise software provider’s stock after selling 413 shares during the period. Robinson Value Management Ltd.’s holdings in Oracle Corporation were worth $1,506,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Oracle Corporation by 1.0% in the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after acquiring an additional 1,187,802 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Oracle Corporation by 2.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after acquiring an additional 1,521,879 shares during the period. Harris Associates L P grew its holdings in shares of Oracle Corporation by 0.4% in the 1st quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock worth $1,854,068,000 after acquiring an additional 156,122 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Oracle Corporation by 3.7% in the 1st quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock worth $1,839,501,000 after acquiring an additional 1,467,144 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in shares of Oracle Corporation by 6,353.4% in the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after acquiring an additional 18,351,920 shares during the period. Institutional investors own 58.67% of the company’s stock.
In other Oracle Corporation news, CEO Mark V. Hurd sold 350,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the sale, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at $27,561,616.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $50.30, for a total transaction of $188,625.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at $911,687.50. The disclosure for this sale can be found here. Insiders have sold 1,813,750 shares of company stock worth $91,393,788 over the last ninety days. Insiders own 29.00% of the company’s stock.
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ORCL has been the topic of a number of research reports. Vetr cut Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price target on the stock. in a report on Sunday, September 3rd. Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 target price on shares of Oracle Corporation in a report on Sunday, August 27th. Finally, ValuEngine upgraded Oracle Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty-two have assigned a buy rating to the stock. Oracle Corporation currently has a consensus rating of “Buy” and an average price target of $52.29.
Shares of Oracle Corporation (ORCL) traded down 6.97% during trading on Friday, reaching $49.11. 34,588,937 shares of the company’s stock were exchanged. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The company has a 50 day moving average price of $50.01 and a 200-day moving average price of $46.93. The company has a market capitalization of $203.15 billion, a PE ratio of 22.22 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, equities analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.44%. Oracle Corporation’s dividend payout ratio is 34.55%.
Oracle Corporation 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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