ClariVest Asset Management LLC increased its position in Oracle Corporation (NYSE:ORCL) by 54.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,305 shares of the enterprise software provider’s stock after buying an additional 2,230 shares during the period. ClariVest Asset Management LLC’s holdings in Oracle Corporation were worth $316,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after purchasing an additional 1,187,802 shares during the period. Bank of New York Mellon Corp grew its position in Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after acquiring an additional 1,521,879 shares in the last quarter. Harris Associates L P grew its position in Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock worth $1,854,068,000 after acquiring an additional 156,122 shares in the last quarter. First Eagle Investment Management LLC grew its position in Oracle Corporation by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock worth $1,839,501,000 after acquiring an additional 1,467,144 shares in the last quarter. Finally, Boston Partners grew its position in Oracle Corporation by 5.4% in the second quarter. Boston Partners now owns 19,225,637 shares of the enterprise software provider’s stock worth $963,974,000 after acquiring an additional 991,458 shares in the last quarter. Institutional investors own 58.10% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded up $0.08 during trading hours on Friday, hitting $49.32. The company had a trading volume of 9,944,000 shares, compared to its average volume of 13,287,859. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The firm has a market cap of $205,502.45, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.87 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 posted its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the business posted $0.55 earnings per share. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is currently 33.19%.
A number of equities research analysts have recently commented on ORCL shares. UBS AG reiterated a “neutral” rating and set a $55.00 price target (down previously from $57.00) on shares of Oracle Corporation in a report on Thursday. Vetr cut shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $55.49 price objective for the company. in a research note on Monday, November 6th. BidaskClub cut shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Zacks Investment Research raised shares of Oracle Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus restated a “buy” rating on shares of Oracle Corporation in a research note on Sunday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $55.05.
In other news, EVP Dorian Daley sold 76,703 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total transaction of $3,758,447.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders sold 305,776 shares of company stock valued at $14,822,112. 29.00% of the stock is owned by insiders.
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Oracle Corporation 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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