Sabal Trust CO boosted its position in Oracle Corporation (NYSE:ORCL) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,865 shares of the enterprise software provider’s stock after buying an additional 100 shares during the period. Sabal Trust CO’s holdings in Oracle Corporation were worth $244,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in shares of Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after buying an additional 18,351,920 shares during the last quarter. 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 valued at $813,427,000 after buying an additional 3,054,765 shares during the last quarter. Swiss National Bank increased its position in shares of Oracle Corporation by 26.2% in the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock valued at $496,863,000 after buying an additional 2,309,400 shares during the last quarter. Marathon Asset Management LLP increased its position in shares of Oracle Corporation by 70.7% in the second quarter. Marathon Asset Management LLP now owns 4,398,780 shares of the enterprise software provider’s stock valued at $220,555,000 after buying an additional 1,821,601 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 during the last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.
Shares of Oracle Corporation (ORCL) traded up 0.47% during trading on Friday, hitting $48.78. The stock had a trading volume of 4,041,508 shares. The firm has a market cap of $201.79 billion, a price-to-earnings ratio of 22.07 and a beta of 1.06. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The firm’s 50-day moving average is $49.87 and its 200 day moving average is $45.65. Oracle Corporation also was the recipient of some unusual options trading on Tuesday. Traders bought 19,908 call options on the stock. This is an increase of approximately 103% compared to the average daily volume of 9,799 call options.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the 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 quarter last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that Oracle Corporation will post $2.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th were issued a $0.19 dividend. The ex-dividend date was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. Oracle Corporation’s dividend payout ratio is presently 34.55%.
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Several brokerages have recently weighed in on ORCL. UBS AG restated a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Friday. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Sanford C. Bernstein restated an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the company. Oracle Corporation has an average rating of “Buy” and an average target price of $50.81.
In related news, EVP W Corey West sold 150,000 shares of the stock in a transaction that occurred 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 owns 177,988 shares of the company’s stock, valued at $9,146,803.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $807,831.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,817,500 shares of company stock valued at $91,560,925. 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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