Swiss National Bank lifted its stake in Oracle Corporation (NYSE:ORCL) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,606,728 shares of the enterprise software provider’s stock after buying an additional 136,700 shares during the period. Oracle makes up approximately 0.6% of Swiss National Bank’s holdings, making the stock its 28th largest holding. Swiss National Bank owned about 2,781.06% of Oracle worth $561,185,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its holdings in shares of Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the period. Burt Wealth Advisors grew its holdings in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Oracle by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after acquiring an additional 947 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Oracle during the 2nd quarter worth approximately $129,000. Finally, ETF Managers Group LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $133,000. Hedge funds and other institutional investors own 57.89% of the company’s stock.
Oracle Corporation (NYSE:ORCL) opened at $48.98 on Tuesday. The stock has a market capitalization of $204,420.00, a P/E ratio of 21.02, a P/E/G ratio of 1.85 and a beta of 1.05. Oracle Corporation has a 12-month low of $38.47 and a 12-month high of $53.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. Oracle’s dividend payout ratio is presently 32.62%.
Oracle announced that its board has approved a stock repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
A number of research analysts have weighed in on the company. Jefferies Group upped their target price on Oracle from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Oppenheimer reiterated a “hold” rating on shares of Oracle in a report on Friday, December 15th. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Vetr raised Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price target on the stock in a research report on Monday, November 13th. Finally, BidaskClub raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $55.28.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares in the company, valued at approximately $6,517,640.86. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $48.70, for a total transaction of $182,625.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,250 shares of company stock valued at $5,306,238. Company insiders own 29.00% of the company’s stock.
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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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