Longview Partners Guernsey LTD decreased its position in Oracle Co. (NYSE:ORCL) by 8.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,129,595 shares of the enterprise software provider’s stock after selling 1,151,091 shares during the period. Oracle accounts for 5.2% of Longview Partners Guernsey LTD’s holdings, making the stock its 5th biggest position. Longview Partners Guernsey LTD’s holdings in Oracle were worth $944,168,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Baldrige Asset Management LLC purchased a new stake in Oracle in the 2nd quarter valued at about $28,000. Financial Insights Inc. purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $28,000. Samalin Investment Counsel LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $28,000. Cowen Prime Advisors LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $31,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Oracle during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 44.47% of the company’s stock.
Several brokerages have recently issued reports on ORCL. BMO Capital Markets raised their price target on shares of Oracle from $88.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 14th. They noted that the move was a valuation call. Piper Sandler raised their price objective on shares of Oracle from $57.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, June 16th. Societe Generale raised their price target on shares of Oracle from $83.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, September 14th. Cowen reissued a “buy” rating and issued a $93.00 price target on shares of Oracle in a report on Friday, September 10th. Finally, KeyCorp raised their price target on shares of Oracle from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, July 22nd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $81.44.
Oracle (NYSE:ORCL) last issued its earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. Oracle had a net margin of 33.96% and a return on equity of 146.83%. The company had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 4.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 26th. Shareholders of record on Tuesday, October 12th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, October 8th. Oracle’s payout ratio is 30.77%.
In related news, Director Rona Alison Fairhead bought 1,286 shares of the business’s stock in a transaction dated Monday, September 20th. The shares were purchased at an average price of $85.12 per share, with a total value of $109,464.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 135,741 shares of Oracle stock in a transaction dated Friday, September 24th. The shares were sold at an average price of $90.01, for a total transaction of $12,218,047.41. The disclosure for this sale can be found here. Insiders sold 502,376 shares of company stock worth $45,247,196 in the last 90 days. Corporate insiders own 39.10% of the company’s stock.
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.
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