Boston Partners increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 20.1% during the first quarter, according to its most recent Form 13F filing with the 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 comprises 1.0% of Boston Partners’ holdings, making the stock its 14th largest position. Boston Partners owned approximately 0.44% of Oracle Corporation worth $813,427,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Reilly Financial Advisors LLC increased 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 in the last quarter. Gradient Investments LLC increased 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 in the last quarter. Orrstown Financial Services Inc. increased 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 in the last quarter. Zions Bancorporation increased 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 in the last quarter. Finally, Pinnacle Bank purchased a new position in shares of Oracle Corporation during the first quarter valued at approximately $160,000. Institutional investors and hedge funds own 58.77% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) traded down 0.64% during midday trading on Monday, hitting $49.64. 8,280,295 shares of the stock were exchanged. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The firm has a 50 day moving average of $49.35 and a 200-day moving average of $44.95. The stock has a market cap of $205.34 billion, a P/E ratio of 22.46 and a beta of 1.06.
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 analysts’ consensus estimates 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 net margin of 24.74% and a return on equity of 20.90%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. Equities research analysts anticipate that Oracle Corporation will post $2.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.
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Several brokerages have recently issued reports on ORCL. UBS AG reiterated a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a report on Tuesday, June 13th. MKM Partners reiterated a “neutral” rating and set a $48.00 price target (up from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. Finally, Cowen and Company reiterated an “outperform” rating and set a $55.00 price target (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd. One research 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 presently has an average rating of “Buy” and an average price target of $50.70.
In other news, EVP Dorian Daley sold 200,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 130,977 shares in the company, valued at approximately $6,671,968.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the sale, the executive vice president now owns 177,988 shares in the company, valued at $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock worth $91,547,388 in the last three months. 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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