Roanoke Asset Management Corp NY cut its stake in Oracle Corporation (NYSE:ORCL) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,328 shares of the enterprise software provider’s stock after selling 6,225 shares during the period. Oracle Corporation comprises about 2.0% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 16th largest position. Roanoke Asset Management Corp NY’s holdings in Oracle Corporation were worth $4,128,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Boston Partners increased its stake in Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the period. BerganKDV Wealth Management LLC increased its position in Oracle Corporation by 2.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,586 shares of the enterprise software provider’s stock valued at $581,000 after buying an additional 255 shares during the period. Quotient Investors LLC increased its position 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 valued at $1,865,000 after buying an additional 30,300 shares during the period. Gateway Investment Advisers LLC increased its position 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 valued at $83,312,000 after buying an additional 17,458 shares during the period. Finally, Macquarie Group Ltd. increased its position 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 valued at $11,107,000 after buying an additional 40,221 shares during the period. Institutional investors own 58.79% of the company’s stock.
Oracle Corporation (NYSE ORCL) opened at 48.62 on Friday. The company’s 50-day moving average is $49.83 and its 200-day moving average is $45.71. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $51.85. The stock has a market capitalization of $201.13 billion, a P/E ratio of 22.00 and a beta of 1.06.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating 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 business had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. During the same period last year, the business earned $0.81 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Oracle Corporation will post $2.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, July 17th. Oracle Corporation’s dividend payout ratio is 34.55%.
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Several equities analysts have commented on ORCL shares. Benchmark Co. started coverage on shares of Oracle Corporation in a research note on Thursday, April 27th. They issued a “buy” rating and a $55.00 price target for the company. Vetr downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research note on Thursday, May 4th. Societe Generale downgraded 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 research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Friday, May 19th. One equities research 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 currently has a consensus rating of “Buy” and an average target price of $50.81.
In related news, Director Bruce R. Chizen sold 206,250 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.75, for a total value 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 can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $807,831.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock valued at $91,560,925 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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