Oracle Corporation (ORCL) Position Boosted by Boston Partners

Boston Partners increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 20.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,234,179 shares of the enterprise software provider’s stock after buying an additional 3,054,765 shares during the period. Oracle Corporation accounts for about 1.0% of Boston Partners’ portfolio, making the stock its 14th largest position. Boston Partners owned 0.44% of Oracle Corporation worth $813,427,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Reilly Financial Advisors LLC raised its position in shares of Oracle Corporation by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares during the last quarter. Gradient Investments LLC raised its position in shares of Oracle Corporation by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock valued at $114,000 after buying an additional 1,132 shares during the last quarter. Orrstown Financial Services Inc. raised its position in shares of Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock valued at $130,000 after buying an additional 1,372 shares during the last quarter. Zions Bancorporation raised its position in shares of Oracle Corporation by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock valued at $152,000 after buying an additional 36 shares during the last quarter. Finally, Pinnacle Bank bought a new position in shares of Oracle Corporation during the first quarter valued at approximately $160,000. 58.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Oracle Corporation (NYSE ORCL) opened at 50.30 on Monday. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85. The stock has a market capitalization of $208.08 billion, a price-to-earnings ratio of 22.76 and a beta of 1.06. The company’s 50 day moving average is $49.06 and its 200-day moving average is $44.71.

Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. Equities analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. Oracle Corporation’s payout ratio is currently 34.55%.

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A number of research firms have issued reports on ORCL. KeyCorp reissued a “buy” rating and set a $61.00 price target on shares of Oracle Corporation in a research report on Tuesday, July 18th. MKM Partners reissued a “neutral” rating and set a $48.00 price target (up from $45.00) on shares of Oracle Corporation in a research report on Friday, June 23rd. Cowen and Company reissued an “outperform” rating and set a $55.00 price target (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Bank of America Corporation reissued a “buy” rating and set a $62.00 price target (up from $54.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $52.00 price target on shares of Oracle Corporation in a research report on Friday, April 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. Oracle Corporation has an average rating of “Buy” and an average price target of $50.70.

In other Oracle Corporation news, EVP W Corey West sold 150,000 shares of Oracle Corporation stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the sale, the executive vice president now directly owns 177,988 shares in the company, valued at approximately $9,146,803.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $45.25, for a total value of $169,687.50. Following the sale, the director now owns 8,281 shares in the company, valued at $374,715.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,817,500 shares of company stock worth $91,547,388. 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.