Keybank National Association OH lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,499,717 shares of the enterprise software provider’s stock after selling 33,902 shares during the quarter. Oracle Corporation accounts for about 0.7% of Keybank National Association OH’s holdings, making the stock its 25th largest position. Keybank National Association OH owned approximately 0.06% of Oracle Corporation worth $125,336,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its position in Oracle Corporation by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Oracle Corporation by 376.6% during the second quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock valued at $203,218,000 after purchasing an additional 3,202,664 shares in the last quarter. Boston Partners grew its position in Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after purchasing an additional 3,054,765 shares in the last quarter. Swiss National Bank grew its position in Oracle Corporation by 26.2% during the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock valued at $496,863,000 after purchasing an additional 2,309,400 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Oracle Corporation by 19.8% during the second quarter. Neuberger Berman Group LLC now owns 12,342,418 shares of the enterprise software provider’s stock valued at $618,849,000 after purchasing an additional 2,042,742 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.
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In other news, EVP Dorian Daley sold 25,776 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 45,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock worth $14,821,999 in the last ninety days. Insiders own 29.00% of the company’s stock.
Several analysts have commented on the stock. Moffett Nathanson assumed coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price for the company. Vetr raised shares of Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 target price for the company in a research report on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, August 18th. Finally, BidaskClub downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Eleven research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. Oracle Corporation has a consensus rating of “Buy” and an average target price of $54.95.
Oracle Corporation (NYSE ORCL) opened at $49.20 on Friday. The stock has a market cap of $203,749.58, a PE ratio of 19.15, a PEG ratio of 1.86 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. sell-side analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
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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