British Columbia Investment Management Corp cut its position in Oracle Corporation (NYSE:ORCL) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,876,155 shares of the enterprise software provider’s stock after selling 57,979 shares during the period. British Columbia Investment Management Corp’s holdings in Oracle Corporation were worth $83,695,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Guggenheim Capital LLC raised its stake in shares of Oracle Corporation by 25.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,798,238 shares of the enterprise software provider’s stock worth $69,142,000 after buying an additional 361,791 shares during the period. HCR Wealth Advisors bought a new stake in shares of Oracle Corporation during the fourth quarter worth about $384,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Oracle Corporation by 5.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,812 shares of the enterprise software provider’s stock worth $5,885,000 after buying an additional 7,866 shares during the period. Horizon Kinetics LLC raised its stake in shares of Oracle Corporation by 6.9% in the fourth quarter. Horizon Kinetics LLC now owns 11,206 shares of the enterprise software provider’s stock worth $431,000 after buying an additional 721 shares during the period. Finally, Menora Mivtachim Holdings LTD. raised its stake in shares of Oracle Corporation by 31.2% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 567,490 shares of the enterprise software provider’s stock worth $21,820,000 after buying an additional 135,100 shares during the period. 58.77% of the stock is currently owned by institutional investors.
Shares of Oracle Corporation (NYSE:ORCL) traded down 0.08% on Wednesday, reaching $49.06. The company’s stock had a trading volume of 15,872,408 shares. The firm has a 50 day moving average of $49.79 and a 200 day moving average of $45.06. The company has a market cap of $202.95 billion, a PE ratio of 22.20 and a beta of 1.06. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the 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 previous year, the firm posted $0.81 earnings per share. Oracle Corporation’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that Oracle Corporation will post $2.96 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. Oracle Corporation’s dividend payout ratio (DPR) is currently 34.55%.
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A number of equities research analysts have recently issued reports on ORCL shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $54.00 target price on shares of Oracle Corporation in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 12th. Canaccord Genuity lowered Oracle Corporation to a “buy” rating and upped their price target for the company from $49.00 to $56.00 in a research report on Thursday, June 22nd. UBS AG reissued a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton reissued a “buy” rating and set a $62.00 price target (up from $53.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and an average target price of $50.70.
In other news, Director Bruce R. Chizen sold 206,250 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the transaction, the director now owns 63,985 shares in the company, valued at $3,183,253.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP W Corey West sold 150,000 shares of the company’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 transaction, the executive vice president now owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock worth $91,547,388 in the last ninety days. 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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