Jensen Investment Management Inc. Sells 120,105 Shares of Oracle Corp. (ORCL)
Jensen Investment Management Inc. decreased its stake in Oracle Corp. (NYSE:ORCL) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,957,964 shares of the enterprise software provider’s stock after selling 120,105 shares during the period. Oracle Corp. accounts for 4.4% of Jensen Investment Management Inc.’s holdings, making the stock its 10th largest position. Jensen Investment Management Inc. owned about 0.17% of Oracle Corp. worth $284,789,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Bollard Group LLC raised its position in Oracle Corp. by 0.4% in the second quarter. Bollard Group LLC now owns 18,731 shares of the enterprise software provider’s stock valued at $767,000 after buying an additional 69 shares during the period. Asset Dedication LLC raised its position in Oracle Corp. by 0.6% in the second quarter. Asset Dedication LLC now owns 18,262 shares of the enterprise software provider’s stock valued at $739,000 after buying an additional 100 shares during the period. Murphy Capital Management Inc. raised its position in Oracle Corp. by 0.7% in the second quarter. Murphy Capital Management Inc. now owns 19,210 shares of the enterprise software provider’s stock valued at $786,000 after buying an additional 135 shares during the period. Legacy Private Trust Co. raised its position in Oracle Corp. by 0.6% in the first quarter. Legacy Private Trust Co. now owns 25,531 shares of the enterprise software provider’s stock valued at $1,044,000 after buying an additional 160 shares during the period. Finally, Hall Laurie J Trustee raised its position in Oracle Corp. by 1.7% in the second quarter. Hall Laurie J Trustee now owns 10,050 shares of the enterprise software provider’s stock valued at $410,000 after buying an additional 170 shares during the period. 58.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oracle Corp. (NYSE:ORCL) traded down 1.58% during mid-day trading on Tuesday, hitting $38.01. The stock had a trading volume of 14,950,508 shares. The firm has a 50 day moving average of $40.07 and a 200 day moving average of $40.29. The stock has a market cap of $156.05 billion, a price-to-earnings ratio of 18.06 and a beta of 1.23. Oracle Corp. has a one year low of $33.13 and a one year high of $42.00.
Oracle Corp. (NYSE:ORCL) last announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business had revenue of $8.60 billion for the quarter. During the same quarter in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts forecast that Oracle Corp. will post $2.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Oracle Corp.’s dividend payout ratio is presently 28.57%.
A number of research analysts have recently issued reports on ORCL shares. Cowen and Company set a $46.00 target price on Oracle Corp. and gave the company a “buy” rating in a report on Friday, September 16th. Royal Bank Of Canada boosted their target price on Oracle Corp. from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, September 30th. BTIG Research reissued a “buy” rating and issued a $44.00 target price on shares of Oracle Corp. in a report on Friday, June 17th. Vetr lowered Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 target price on the stock. in a report on Wednesday, September 7th. Finally, DA Davidson started coverage on Oracle Corp. in a report on Monday, August 8th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Oracle Corp. currently has a consensus rating of “Buy” and an average target price of $44.76.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now directly owns 8,281 shares of the company’s stock, valued at $345,980.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total transaction of $636,334.65. Following the transaction, the executive vice president now directly owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. Insiders own 29.00% of the company’s stock.
Oracle Corp. 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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