Thomas White International Ltd. Has $1,030,000 Position in Oracle Corporation (ORCL)
Thomas White International Ltd. maintained its stake in shares of Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,551 shares of the enterprise software provider’s stock at the end of the second quarter. Thomas White International Ltd.’s holdings in Oracle Corporation were worth $1,030,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in shares of Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after buying an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Oracle Corporation by 2.9% in 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 buying an additional 1,521,879 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Oracle Corporation by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after buying an additional 482,220 shares in the last quarter. Harris Associates L P lifted its stake in shares of Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after buying an additional 156,122 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Oracle Corporation by 5.4% in the second quarter. Boston Partners now owns 19,225,637 shares of the enterprise software provider’s stock valued at $963,974,000 after buying an additional 991,458 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction 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. Over the last ninety days, insiders sold 305,776 shares of company stock worth $14,821,999. 29.00% of the stock is owned by insiders.
A number of research firms have weighed in on ORCL. Wedbush reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Oracle Corporation in a research note on Friday, September 15th. UBS AG reaffirmed a “buy” rating and issued a $57.00 price objective (up from $52.00) on shares of Oracle Corporation in a research note on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price objective on shares of Oracle Corporation and gave the company a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, Jefferies Group LLC raised their price objective on shares of Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Eleven equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.95.
Shares of Oracle Corporation (NYSE:ORCL) opened at $48.94 on Friday. The firm has a market cap of $204,250.39, a P/E ratio of 19.19, a PEG ratio of 1.86 and a beta of 1.07. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14.
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. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. research analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.
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Oracle Corporation Company 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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