Neville Rodie & Shaw Inc. Purchases 142,089 Shares of Oracle Corporation (ORCL)
Neville Rodie & Shaw Inc. boosted its position in Oracle Corporation (NYSE:ORCL) by 206.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,820 shares of the enterprise software provider’s stock after purchasing an additional 142,089 shares during the quarter. Oracle Corporation makes up approximately 1.2% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 24th largest holding. Neville Rodie & Shaw Inc.’s holdings in Oracle Corporation were worth $10,571,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ORCL. Macquarie Group Ltd. raised its holdings in Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after purchasing an additional 18,351,920 shares in the last quarter. Boston Partners increased its holdings in shares of Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after acquiring an additional 3,054,765 shares in the last quarter. Swiss National Bank increased its holdings in shares of Oracle Corporation by 26.2% during the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock valued at $496,863,000 after acquiring an additional 2,309,400 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Oracle Corporation by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after acquiring an additional 1,521,879 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Oracle Corporation during the first quarter valued at about $66,017,000. Institutional investors and hedge funds own 58.67% of the company’s stock.
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Oracle Corporation (ORCL) traded down 7.67% during trading on Friday, hitting $48.74. The stock had a trading volume of 66,367,857 shares. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The stock’s 50-day moving average is $49.96 and its 200 day moving average is $46.98. The firm has a market cap of $201.62 billion, a price-to-earnings ratio of 22.05 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. Equities analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s payout ratio is currently 33.19%.
ORCL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Canaccord Genuity restated a “buy” rating and set a $49.00 price objective on shares of Oracle Corporation in a report on Friday, May 26th. OTR Global upgraded shares of Oracle Corporation to a “positive” rating in a report on Thursday, June 8th. 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. Finally, Wedbush cut their price objective on shares of Oracle Corporation from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Tuesday, June 13th. Two investment 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 company’s stock. The company has an average rating of “Buy” and an average target price of $52.44.
In related news, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $885,587.50. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock valued at $91,582,600 over the last quarter. Insiders own 29.00% of the company’s stock.
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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