Diversified Trust Co boosted its stake in Oracle Corporation (NYSE:ORCL) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,418 shares of the enterprise software provider’s stock after buying an additional 115 shares during the period. Diversified Trust Co’s holdings in Oracle Corporation were worth $422,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. State Street Corp boosted its stake in 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 worth $5,495,769,000 after buying an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in 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 worth $2,397,824,000 after buying an additional 1,521,879 shares in the last quarter. Harris Associates L P boosted its stake in 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 worth $1,854,068,000 after buying an additional 156,122 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Oracle Corporation by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock worth $1,839,501,000 after buying an additional 1,467,144 shares in the last quarter. Finally, Norges Bank bought a new stake in Oracle Corporation during the fourth quarter worth approximately $1,090,559,000. 58.77% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (ORCL) traded up 0.29% on Friday, hitting $48.24. The stock had a trading volume of 11,704,784 shares. The firm’s 50-day moving average price is $50.10 and its 200-day moving average price is $45.40. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85. The firm has a market cap of $199.55 billion, a P/E ratio of 21.83 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. During the same period last year, the firm posted $0.81 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Oracle Corporation will post $2.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle Corporation’s dividend payout ratio is 34.55%.
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A number of analysts recently commented on ORCL shares. Bank of America Corporation dropped their price objective on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, June 30th. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, May 16th. Societe Generale cut Oracle Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $51.00 to $50.00 in a report on Thursday, May 11th. Argus upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Friday, June 23rd. Finally, KeyCorp upgraded Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price target for the company in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.70.
In other news, EVP W Corey West sold 150,000 shares of Oracle Corporation 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 sale, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock valued at $91,547,388 over the last ninety days. Insiders own 29.00% of the company’s stock.
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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