Robeco Institutional Asset Management B.V. Sells 22,791 Shares of Oracle Corporation (ORCL)
Robeco Institutional Asset Management B.V. reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,230,776 shares of the enterprise software provider’s stock after selling 22,791 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Oracle Corporation were worth $61,711,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Eagle Ridge Investment Management boosted its holdings in shares of Oracle Corporation by 0.9% during the 1st quarter. Eagle Ridge Investment Management now owns 11,400 shares of the enterprise software provider’s stock worth $509,000 after buying an additional 100 shares during the period. Cypress Capital Management LLC boosted its holdings in shares of Oracle Corporation by 3.6% during the 1st quarter. Cypress Capital Management LLC now owns 194,988 shares of the enterprise software provider’s stock worth $8,698,000 after buying an additional 6,739 shares during the period. Rhumbline Advisers boosted its holdings in shares of Oracle Corporation by 2.3% during the 1st quarter. Rhumbline Advisers now owns 5,356,466 shares of the enterprise software provider’s stock worth $238,952,000 after buying an additional 122,747 shares during the period. Elkhorn Investments LLC bought a new stake in shares of Oracle Corporation during the 1st quarter worth $1,185,000. Finally, First Trust Advisors LP boosted its holdings in shares of Oracle Corporation by 17.8% during the 1st quarter. First Trust Advisors LP now owns 1,893,981 shares of the enterprise software provider’s stock worth $84,490,000 after buying an additional 286,202 shares during the period. 58.05% of the stock is owned by institutional investors and hedge funds.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total transaction of $183,225.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $885,587.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,822,112 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.
Several analysts recently issued reports on the stock. Vetr raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective for the company in a report on Monday. UBS AG reiterated a “neutral” rating and set a $55.00 target price (down from $57.00) on shares of Oracle Corporation in a research note on Thursday. BidaskClub cut shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Zacks Investment Research upgraded shares of Oracle Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Oracle Corporation in a research note on Sunday, October 22nd. Twelve investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $55.05.
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Shares of Oracle Corporation (NYSE:ORCL) opened at $49.32 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The company has a market cap of $205,836.33, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. Oracle Corporation has a fifty-two week low of $37.64 and a fifty-two week high of $53.14.
Oracle Corporation (NYSE:ORCL) last announced 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 for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. equities analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.54%. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.
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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