Advisor Partners LLC grew its position in Oracle Corporation (NYSE:ORCL) by 13.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,509 shares of the enterprise software provider’s stock after buying an additional 7,081 shares during the quarter. Oracle Corporation accounts for 0.7% of Advisor Partners LLC’s holdings, making the stock its 27th largest holding. Advisor Partners LLC’s holdings in Oracle Corporation were worth $3,034,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the period. TrimTabs Asset Management LLC grew its holdings in Oracle Corporation by 88.8% during the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares during the period. Baystate Wealth Management LLC grew its holdings in Oracle Corporation by 9.2% during the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after acquiring an additional 206 shares during the period. State of Alaska Department of Revenue acquired a new stake in Oracle Corporation during the second quarter worth about $129,000. Finally, Heritage Trust Co acquired a new stake in Oracle Corporation during the first quarter worth about $130,000. Hedge funds and other institutional investors own 57.94% of the company’s stock.
Shares of Oracle Corporation (ORCL) opened at 50.88 on Friday. The stock has a 50 day moving average of $49.32 and a 200 day moving average of $47.95. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The company has a market cap of $212.32 billion, a price-to-earnings ratio of 22.13 and a beta of 1.05.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the company earned $0.55 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Oracle Corporation will post $2.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a $0.19 dividend. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.49%. Oracle Corporation’s payout ratio is 33.19%.
In other news, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 76,703 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,822,112 over the last quarter. 29.00% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on the company. Vetr downgraded Oracle Corporation from a “buy” rating to a “hold” rating and set a $51.74 target price on the stock. in a research report on Monday. BidaskClub upgraded Oracle Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating on shares of Oracle Corporation in a research report on Sunday, October 22nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Oracle Corporation in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Oracle Corporation presently has an average rating of “Buy” and a consensus price target of $53.50.
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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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