Boston Private Wealth LLC grew its holdings in Oracle Corporation (NYSE:ORCL) by 35.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,876 shares of the enterprise software provider’s stock after acquiring an additional 103,943 shares during the period. Boston Private Wealth LLC’s holdings in Oracle Corporation were worth $19,849,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 2,300 shares during the period. TrimTabs Asset Management LLC boosted its holdings in shares of Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after buying an additional 1,264 shares during the period. Baystate Wealth Management LLC boosted its holdings in shares of Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 206 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Oracle Corporation during the 2nd quarter worth $129,000. Finally, Heritage Trust Co bought a new stake in shares of Oracle Corporation during the 1st quarter worth $130,000. 58.10% of the stock is owned by institutional investors.
Several research firms recently commented on ORCL. KeyCorp reiterated a “buy” rating and set a $61.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. BidaskClub cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $53.73.
In other news, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total transaction of $183,225.00. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at $885,587.50. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock worth $14,822,112 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (ORCL) opened at $50.18 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The company has a market cap of $209,425.52, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. Oracle Corporation has a fifty-two week low of $37.64 and a fifty-two week high of $53.14.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. equities analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.51%. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.
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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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