Renaissance Group LLC lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 717,521 shares of the enterprise software provider’s stock after selling 5,640 shares during the period. Oracle Corporation accounts for 1.2% of Renaissance Group LLC’s portfolio, making the stock its 24th largest position. Renaissance Group LLC’s holdings in Oracle Corporation were worth $32,009,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Boston Partners raised its stake 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 during the period. Quest Investment Management Inc. OR increased its stake in shares of Oracle Corporation by 259.6% in the fourth quarter. Quest Investment Management Inc. OR now owns 21,399 shares of the enterprise software provider’s stock valued at $823,000 after buying an additional 15,449 shares during the period. Quotient Investors LLC increased its stake 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 valued at $1,865,000 after buying an additional 30,300 shares during the period. Gateway Investment Advisers LLC increased its stake 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 valued at $83,312,000 after buying an additional 17,458 shares during the period. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Oracle Corporation during the fourth quarter valued at about $181,000. Hedge funds and other institutional investors own 58.79% of the company’s stock.
Shares of Oracle Corporation (ORCL) traded up 0.14% during trading on Friday, reaching $48.62. The company had a trading volume of 10,248,442 shares. The firm has a 50 day moving average price of $49.83 and a 200 day moving average price of $45.71. The company has a market cap of $201.13 billion, a price-to-earnings ratio of 22.00 and a beta of 1.06. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The firm had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. Analysts predict that Oracle Corporation will post $2.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.
Several analysts recently issued reports on ORCL shares. Bank of America Corporation cut their price target on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, June 30th. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, May 16th. Argus raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Friday, June 23rd. Societe Generale downgraded Oracle Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $51.00 to $50.00 in a research note on Thursday, May 11th. Finally, KeyCorp raised Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price on the stock in a research note on Wednesday, July 5th. One investment 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 stock has a consensus rating of “Buy” and a consensus target price of $50.81.
In other news, Director Michael J. Boskin sold 150,000 shares of Oracle Corporation stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $50.69, for a total value of $7,603,500.00. Following the completion of the sale, the director now directly owns 99,454 shares in the company, valued at $5,041,323.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $807,831.25. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock valued at $91,560,925 over the last 90 days. 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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