Schwab Charles Investment Management Inc. boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,708,371 shares of the enterprise software provider’s stock after buying an additional 413,951 shares during the period. Schwab Charles Investment Management Inc. owned 0.24% of Oracle Corporation worth $433,091,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Boston Partners increased its position 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 worth $813,427,000 after buying an additional 3,054,765 shares in the last quarter. Quotient Investors LLC increased its position in shares of Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after buying an additional 30,300 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock worth $83,312,000 after buying an additional 17,458 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Oracle Corporation by 16.2% in the fourth quarter. Macquarie Group Ltd. now owns 288,854 shares of the enterprise software provider’s stock worth $11,107,000 after buying an additional 40,221 shares in the last quarter. Finally, Nadler Financial Group Inc. increased its position in shares of Oracle Corporation by 1.3% in the first quarter. Nadler Financial Group Inc. now owns 32,911 shares of the enterprise software provider’s stock worth $1,468,000 after buying an additional 429 shares in the last quarter. 58.77% of the stock is owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE:ORCL) traded up 0.25% during trading on Friday, hitting $48.22. 4,014,303 shares of the company traded hands. Oracle Corporation has a 12-month low of $37.62 and a 12-month high of $51.85. The company has a market capitalization of $199.47 billion, a P/E ratio of 21.82 and a beta of 1.06. The stock has a 50 day moving average price of $50.16 and a 200 day moving average price of $45.34.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) 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 business had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same period in the previous year, the business posted $0.81 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is presently 34.55%.
A number of equities analysts have weighed in on ORCL shares. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. Benchmark Co. boosted their price target on shares of Oracle Corporation from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, June 22nd. KeyCorp raised shares of Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price target for the company in a research note on Wednesday, July 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $49.00 price target on shares of Oracle Corporation in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $50.70.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $44.57, for a total transaction of $167,137.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at $807,831.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bruce R. Chizen sold 206,250 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total value of $10,260,937.50. Following the sale, the director now owns 63,985 shares in the company, valued at $3,183,253.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,817,500 shares of company stock worth $91,547,388. Company insiders own 29.00% of the company’s stock.
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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