Oracle Corp. (ORCL) Stake Boosted by Old Mutual Global Investors UK Ltd.
Old Mutual Global Investors UK Ltd. boosted its position in Oracle Corp. (NYSE:ORCL) by 5,147.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,744 shares of the enterprise software provider’s stock after buying an additional 1,101,346 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Oracle Corp. were worth $45,953,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of ORCL. Check Capital Management Inc. CA raised its position in shares of Oracle Corp. by 1.8% in the second quarter. Check Capital Management Inc. CA now owns 714,129 shares of the enterprise software provider’s stock worth $29,229,000 after buying an additional 12,676 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Oracle Corp. by 8.1% in the second quarter. DAVENPORT & Co LLC now owns 852,620 shares of the enterprise software provider’s stock worth $34,898,000 after buying an additional 64,091 shares in the last quarter. National Pension Service raised its position in shares of Oracle Corp. by 4.2% in the first quarter. National Pension Service now owns 1,765,267 shares of the enterprise software provider’s stock worth $72,217,000 after buying an additional 71,804 shares in the last quarter. AXA raised its position in shares of Oracle Corp. by 0.3% in the first quarter. AXA now owns 1,814,706 shares of the enterprise software provider’s stock worth $74,240,000 after buying an additional 4,952 shares in the last quarter. Finally, Factory Mutual Insurance Co. raised its position in shares of Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock worth $87,994,000 after buying an additional 392,000 shares in the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.
Shares of Oracle Corp. (NYSE:ORCL) traded up 0.41% during mid-day trading on Friday, reaching $39.28. 12,861,882 shares of the company’s stock were exchanged. The stock has a market cap of $161.27 billion, a price-to-earnings ratio of 18.66 and a beta of 1.08. The stock has a 50 day moving average price of $40.48 and a 200 day moving average price of $40.37. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00.
Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The firm earned $8.60 billion during the quarter. During the same period in the prior year, the company posted $0.53 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Oracle Corp. will post $2.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio is currently 28.57%.
A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $51.00 price target on shares of Oracle Corp. in a research note on Friday, July 15th. Macquarie reaffirmed an “outperform” rating on shares of Oracle Corp. in a research note on Tuesday, July 19th. Atlantic Securities downgraded shares of Oracle Corp. from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $48.00 to $44.00 in a research note on Tuesday, July 19th. BTIG Research upped their price target on shares of Oracle Corp. from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, July 14th. Finally, Vetr downgraded shares of Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price target on the stock. in a research note on Monday, August 15th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have issued a buy rating to the company. Oracle Corp. has an average rating of “Buy” and a consensus target price of $44.76.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at $345,980.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now directly owns 119,645 shares in the company, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. 28.00% of the stock is owned by insiders.
About Oracle Corp.
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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