Tower Bridge Advisors increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,875 shares of the enterprise software provider’s stock after buying an additional 6,152 shares during the period. Oracle Corporation comprises 1.4% of Tower Bridge Advisors’ holdings, making the stock its 23rd largest position. Tower Bridge Advisors’ holdings in Oracle Corporation were worth $11,638,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Quest Investment Management Inc. OR boosted its position in shares of Oracle Corporation by 259.6% in the fourth quarter. Quest Investment Management Inc. OR now owns 21,399 shares of the enterprise software provider’s stock worth $823,000 after buying an additional 15,449 shares during the last quarter. Quotient Investors LLC increased its stake in Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after buying an additional 30,300 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock worth $83,312,000 after buying an additional 17,458 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in Oracle Corporation during the fourth quarter worth $181,000. Finally, Macquarie Group Ltd. increased its stake in Oracle Corporation by 16.2% in the fourth quarter. Macquarie Group Ltd. now owns 288,854 shares of the enterprise software provider’s stock worth $11,107,000 after buying an additional 40,221 shares during the last quarter. Institutional investors and hedge funds own 58.65% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) opened at 50.30 on Friday. The stock has a market cap of $208.08 billion, a PE ratio of 22.76 and a beta of 1.07. The firm has a 50-day moving average of $49.06 and a 200-day moving average of $44.71. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. Oracle Corporation also saw some unusual options trading activity on Wednesday. Traders bought 36,574 call options on the company. This is an increase of approximately 115% compared to the typical daily volume of 17,031 call options.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. 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 company posted $0.81 earnings per share. Oracle Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. Oracle Corporation’s dividend payout ratio is presently 34.55%.
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A number of analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $52.00 price objective on shares of Oracle Corporation in a report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a report on Tuesday. KeyCorp reiterated a “buy” rating and set a $61.00 price target on shares of Oracle Corporation in a report on Tuesday, July 18th. Bank of America Corporation decreased their price target on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a report on Friday, June 30th. Finally, Mitsubishi UFJ Financial Group set a $63.00 price target on Oracle Corporation and gave the stock a “buy” rating in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $50.70.
In other Oracle Corporation news, Director Bruce R. Chizen sold 206,250 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total value of $10,260,937.50. Following the transaction, the director now directly owns 63,985 shares in the company, valued at $3,183,253.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 200,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $50.94, for a total transaction of $10,188,000.00. Following the completion of the transaction, the executive vice president now owns 130,977 shares in the company, valued at $6,671,968.38. The disclosure for this sale can be found here. Insiders have sold 2,211,581 shares of company stock worth $109,284,973 in the last three months. Corporate 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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