Aperio Group LLC increased its stake in Oracle Corporation (NYSE:ORCL) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,650,418 shares of the enterprise software provider’s stock after buying an additional 170,543 shares during the period. Aperio Group LLC’s holdings in Oracle Corporation were worth $82,752,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake 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 valued at $5,495,769,000 after buying an additional 1,187,802 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 valued at $2,397,824,000 after buying an additional 1,521,879 shares during the period. Harris Associates L P boosted its stake 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 valued at $1,854,068,000 after buying an additional 156,122 shares during the period. First Eagle Investment Management LLC boosted its stake 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 valued at $1,839,501,000 after buying an additional 1,467,144 shares during the period. Finally, Norges Bank bought a new position in Oracle Corporation during the fourth quarter worth $1,090,559,000. Hedge funds and other institutional investors own 58.79% of the company’s stock.
Shares of Oracle Corporation (NYSE ORCL) opened at 48.62 on Friday. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85. The stock has a 50 day moving average of $49.83 and a 200-day moving average of $45.71. The stock has a market capitalization of $201.13 billion, a price-to-earnings ratio of 22.00 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post $2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s dividend payout ratio is currently 34.55%.
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Several equities research analysts recently commented on the stock. KeyCorp reiterated a “buy” rating and set a $61.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 18th. MKM Partners reaffirmed a “neutral” rating and issued a $48.00 target price (up previously from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Cowen and Company reaffirmed an “outperform” rating and issued a $55.00 target price (up previously from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $62.00 target price (up previously from $54.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. Finally, Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $50.81.
In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $807,831.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,817,500 shares of company stock worth $91,560,925. Company insiders own 29.00% of the company’s stock.
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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