Texas Yale Capital Corp. maintained its position in Oracle Corporation (NYSE:ORCL) during the first quarter, according to its most recent filing with the SEC. The firm owned 60,278 shares of the enterprise software provider’s stock at the end of the first quarter. Texas Yale Capital Corp.’s holdings in Oracle Corporation were worth $2,689,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of 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 buying an additional 1,521,879 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Oracle Corporation by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 28,945,335 shares of the enterprise software provider’s stock worth $1,113,025,000 after buying an additional 3,364,595 shares in the last quarter. Norges Bank purchased a new position in shares of Oracle Corporation during the fourth quarter worth about $1,090,559,000. Loomis Sayles & Co. L P increased its position in shares of Oracle Corporation by 5.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 26,806,532 shares of the enterprise software provider’s stock worth $1,030,711,000 after buying an additional 1,454,996 shares in the last quarter. Finally, Boston Partners increased its position in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares in the last quarter. 58.54% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (ORCL) opened at 50.80 on Monday. The stock’s 50 day moving average is $48.17 and its 200-day moving average is $44.23. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85. The firm has a market cap of $210.14 billion, a P/E ratio of 22.99 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $10.45 billion. During the same period last year, the business earned $0.81 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that Oracle Corporation will post $2.96 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.
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ORCL has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 price target on shares of Oracle Corporation in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 price target on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. Canaccord Genuity downgraded shares of Oracle Corporation to a “buy” rating and lifted their price target for the stock from $49.00 to $56.00 in a research note on Thursday, June 22nd. UBS AG reiterated a “buy” rating and issued a $52.00 price target (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price target (up previously from $53.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.70.
In related news, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the transaction, the insider now directly owns 783,533 shares in the company, valued at $39,537,075.18. The disclosure for this sale can be found here. Insiders have sold a total of 2,315,101 shares of company stock valued at $113,944,409 over the last ninety days. Company insiders own 29.00% of the company’s stock.
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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