Boston Financial Mangement LLC Has $2.70 Million Stake in Oracle Corporation (ORCL)
Boston Financial Mangement LLC decreased its position in Oracle Corporation (NYSE:ORCL) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,906 shares of the enterprise software provider’s stock after selling 8,605 shares during the period. Boston Financial Mangement LLC’s holdings in Oracle Corporation were worth $2,703,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Boston Partners boosted its holdings in shares of 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 acquiring an additional 3,054,765 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its stake in shares of Oracle Corporation by 21.4% in the first quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock valued at $3,286,000 after purchasing an additional 13,000 shares during the period. LGT Capital Partners LTD. lifted its stake in shares of Oracle Corporation by 14.0% in the second quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after purchasing an additional 76,653 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Oracle Corporation in the first quarter valued at about $1,522,000. Finally, BerganKDV Wealth Management LLC lifted its stake in shares of Oracle Corporation by 2.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock valued at $581,000 after purchasing an additional 255 shares during the period. 58.64% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on ORCL shares. Vetr cut shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 price objective for the company. in a research note on Sunday, September 3rd. Zacks Investment Research cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of Oracle Corporation in a research note on Sunday, August 27th. Finally, ValuEngine upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $53.33.
Shares of Oracle Corporation (NYSE ORCL) opened at 48.16 on Monday. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $53.14. The firm has a market capitalization of $200.97 billion, a PE ratio of 20.95 and a beta of 1.05. The company has a 50-day moving average of $49.85 and a 200 day moving average of $47.11.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. Oracle Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. On average, analysts predict that Oracle Corporation will post $2.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.58%. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was 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 directly owns 18,125 shares of the company’s stock, valued at $885,587.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,562,500 shares of company stock valued at $78,431,950. 29.00% of the stock is owned by company 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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