Toronto Dominion Bank Raises Holdings in Oracle Corporation (ORCL)
Toronto Dominion Bank grew its position in Oracle Corporation (NYSE:ORCL) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,179,823 shares of the enterprise software provider’s stock after purchasing an additional 178,832 shares during the period. Toronto Dominion Bank’s holdings in Oracle were worth $59,158,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC increased its position in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors increased its position in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the last quarter. IHT Wealth Management LLC increased its position in Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Oracle in the 2nd quarter worth about $129,000. Finally, ETF Managers Group LLC acquired a new position in Oracle in the 2nd quarter worth about $133,000. 57.70% of the stock is currently owned by institutional investors.
Shares of Oracle Corporation (NYSE ORCL) traded up $0.14 during mid-day trading on Friday, hitting $50.19. The company’s stock had a trading volume of 22,259,200 shares, compared to its average volume of 13,348,773. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a 52 week low of $38.30 and a 52 week high of $53.14. The company has a market cap of $208,882.97, a P/E ratio of 19.63, a P/E/G ratio of 1.90 and a beta of 1.05.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. equities analysts expect that Oracle Corporation will post 2.68 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. Oracle’s dividend payout ratio (DPR) is presently 33.19%.
Oracle declared that its board has approved a stock buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have recently commented on the company. Jefferies Group increased their price objective on Oracle from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, September 15th. Credit Suisse Group assumed coverage on Oracle in a report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price objective on the stock. Vetr raised Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective on the stock in a report on Monday, November 13th. Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, BidaskClub raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Fourteen investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.97.
In related news, EVP Dorian Daley sold 23,297 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the completion of the transaction, the executive vice president now owns 54,274 shares in the company, valued at approximately $2,659,426. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $2,161,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 302,026 shares of company stock valued at $14,633,187 in the last 90 days. 29.00% of the stock is owned by corporate insiders.
Oracle 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.
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.