Aperio Group LLC increased its holdings in Oracle Corporation (NYSE:ORCL) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,801,196 shares of the enterprise software provider’s stock after buying an additional 150,778 shares during the period. Oracle comprises approximately 0.5% of Aperio Group LLC’s holdings, making the stock its 29th biggest position. Aperio Group LLC’s holdings in Oracle were worth $87,088,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Keel Point LLC boosted its stake in Oracle by 0.3% during the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after purchasing an additional 14 shares during the period. Joel Isaacson & Co. LLC boosted its stake in Oracle by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after purchasing an additional 24 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Oracle by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock valued at $404,000 after purchasing an additional 35 shares during the period. Partnervest Advisory Services LLC boosted its stake in Oracle by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 39 shares during the period. Finally, Klingenstein Fields & Co. LLC boosted its stake in Oracle by 0.9% during the 2nd quarter. Klingenstein Fields & Co. LLC now owns 6,679 shares of the enterprise software provider’s stock valued at $335,000 after purchasing an additional 62 shares during the period. 57.40% of the stock is owned by institutional investors and hedge funds.
ORCL has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 price target on shares of Oracle in a research note on Sunday, August 27th. Zacks Investment Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price target for the company. in a research note on Sunday, September 3rd. Finally, Credit Suisse Group initiated coverage on shares of Oracle in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.26.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.60%. Oracle’s dividend payout ratio is currently 32.62%.
Oracle declared that its board has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $48.70, for a total transaction of $182,625.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George H. Conrades sold 11,250 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $48.10, for a total transaction of $541,125.00. Following the sale, the director now owns 10,000 shares in the company, valued at approximately $481,000. The disclosure for this sale can be found here. Insiders have sold 278,750 shares of company stock worth $13,459,738 in the last 90 days. 29.00% of the stock is owned by company insiders.
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Oracle 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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