World Asset Management Inc raised its position in shares of Oracle Corporation (NYSE:ORCL) by 10.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 317,549 shares of the enterprise software provider’s stock after buying an additional 29,865 shares during the period. World Asset Management Inc’s holdings in Oracle Corporation were worth $14,166,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Oracle Corporation during the fourth quarter worth about $1,090,559,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Oracle Corporation during the fourth quarter worth about $122,141,000. Boston Partners boosted 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. Swiss National Bank boosted its position in shares of Oracle Corporation by 26.2% in the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after buying an additional 2,309,400 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted 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. Institutional investors own 58.65% of the company’s stock.
Oracle Corporation (NYSE:ORCL) opened at 50.30 on Friday. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85. The company has a 50 day moving average of $49.06 and a 200 day moving average of $44.71. The company has a market capitalization of $208.08 billion, a PE ratio of 22.76 and a beta of 1.07. Oracle Corporation also was the target of some unusual options trading on Wednesday. Stock traders bought 36,574 call options on the company. This is an increase of 115% compared to the average daily volume of 17,031 call options.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. The business had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. On average, analysts predict that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, July 17th. Oracle Corporation’s payout ratio is currently 34.55%.
ORCL has been the topic of several analyst reports. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, May 16th. Societe Generale lowered shares of Oracle Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $51.00 to $50.00 in a report on Thursday, May 11th. Argus raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Friday, June 23rd. Bank of America Corporation lowered their target price on shares of Oracle Corporation from $62.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, June 30th. Finally, OTR Global raised shares of Oracle Corporation to a “positive” rating in a report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have assigned a buy rating to the company. Oracle Corporation currently has a consensus rating of “Buy” and an average target price of $50.70.
In related news, EVP W Corey West sold 150,000 shares of the 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 completion of the sale, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 200,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $50.94, for a total value of $10,188,000.00. Following the completion of the sale, the executive vice president now directly owns 130,977 shares of the company’s stock, valued at $6,671,968.38. The disclosure for this sale can be found here. Insiders sold a total of 2,211,581 shares of company stock valued at $109,284,973 over the last three months. 29.00% of the stock is currently owned by insiders.
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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