Diversified Trust Co boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atlas Brown Inc. increased its stake in Oracle Corporation by 6.4% in the second quarter. Atlas Brown Inc. now owns 29,177 shares of the enterprise software provider’s stock worth $1,463,000 after buying an additional 1,750 shares during the period. Alpha Windward LLC increased its position in Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after buying an additional 19 shares during the last quarter. Tealwood Asset Management Inc. increased its position in Oracle Corporation by 6.4% in the second quarter. Tealwood Asset Management Inc. now owns 38,287 shares of the enterprise software provider’s stock valued at $1,920,000 after buying an additional 2,306 shares during the last quarter. Cribstone Capital Management LLC increased its position in Oracle Corporation by 5.0% in the second quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock valued at $131,000 after buying an additional 124 shares during the last quarter. Finally, Culbertson A N & Co. Inc. increased its position in Oracle Corporation by 0.5% in the second quarter. Culbertson A N & Co. Inc. now owns 107,960 shares of the enterprise software provider’s stock valued at $5,413,000 after buying an additional 502 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors.
Oracle Corporation (NYSE:ORCL) traded up 0.14% during trading on Friday, reaching $48.62. 10,248,442 shares of the company’s stock traded hands. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The company has a 50 day moving average of $49.83 and a 200 day moving average of $45.71. The firm has a market cap of $201.13 billion, a price-to-earnings ratio of 22.00 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $10.45 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Oracle Corporation will post $2.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corporation’s payout ratio is currently 34.55%.
Several equities analysts have recently weighed in on the stock. UBS AG reiterated a “buy” rating and issued a $52.00 target price (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Friday. BMO Capital Markets raised their price objective on shares of Oracle Corporation from $48.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, June 22nd. Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $56.00 to $44.00 in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.81.
In related news, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the transaction, the insider now owns 783,533 shares in the company, valued at approximately $39,537,075.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total value of $183,225.00. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $885,587.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,817,500 shares of company stock worth $91,560,925. Company 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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