Virtus Investment Advisers Inc. purchased a new position in Oracle Corporation (NYSE:ORCL) during the third quarter, Holdings Channel reports. The firm purchased 98,976 shares of the enterprise software provider’s stock, valued at approximately $3,888,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Markston International LLC raised its position in shares of Oracle Corporation by 1.2% in the second quarter. Markston International LLC now owns 297,127 shares of the enterprise software provider’s stock worth $12,161,000 after buying an additional 3,414 shares during the period. Stonebridge Capital Management Inc. increased its stake in Oracle Corporation by 7.1% in the second quarter. Stonebridge Capital Management Inc. now owns 198,876 shares of the enterprise software provider’s stock worth $8,140,000 after buying an additional 13,195 shares in the last quarter. Comgest Global Investors S.A.S. increased its stake in Oracle Corporation by 74.5% in the second quarter. Comgest Global Investors S.A.S. now owns 89,000 shares of the enterprise software provider’s stock worth $3,643,000 after buying an additional 38,000 shares in the last quarter. ING Groep NV increased its stake in Oracle Corporation by 317.0% in the second quarter. ING Groep NV now owns 452,022 shares of the enterprise software provider’s stock worth $18,497,000 after buying an additional 343,626 shares in the last quarter. Finally, Papp L Roy & Associates increased its stake in Oracle Corporation by 1.1% in the second quarter. Papp L Roy & Associates now owns 23,398 shares of the enterprise software provider’s stock worth $958,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 57.99% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded up 1.39% during mid-day trading on Friday, hitting $40.79. 13,168,666 shares of the company traded hands. The company has a market capitalization of $167.33 billion, a price-to-earnings ratio of 19.47 and a beta of 1.14. Oracle Corporation has a one year low of $35.42 and a one year high of $42.00. The company’s 50-day moving average price is $39.47 and its 200 day moving average price is $39.74.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm earned $9.07 billion during the quarter. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post $2.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, January 3rd. This represents a $0.60 annualized dividend and a yield of 1.47%. Oracle Corporation’s dividend payout ratio is currently 28.99%.
ORCL has been the topic of a number of research analyst reports. Vetr raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a report on Monday, January 30th. Cowen and Company reissued an “outperform” rating and set a $46.00 price objective on shares of Oracle Corporation in a report on Sunday, December 4th. DA Davidson set a $52.00 price objective on shares of Oracle Corporation and gave the stock a “buy” rating in a report on Tuesday, November 22nd. Rowe reduced their price target on shares of Oracle Corporation from $109.00 to $9.30 in a report on Tuesday, November 8th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Oracle Corporation in a report on Tuesday, January 24th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Oracle Corporation currently has a consensus rating of “Buy” and a consensus target price of $44.19.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $40.85, for a total transaction of $153,187.50. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $338,278.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total value of $1,742,400.00. Following the sale, the director now directly owns 52,654 shares of the company’s stock, valued at $2,038,762.88. The disclosure for this sale can be found here. Insiders have sold a total of 56,250 shares of company stock valued at $2,188,650 over the last three months. 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.
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