ING Groep NV Raises Position in Oracle Corp. (ORCL)
ING Groep NV increased its stake in shares of Oracle Corp. (NYSE:ORCL) by 317.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 452,022 shares of the enterprise software provider’s stock after buying an additional 343,626 shares during the period. ING Groep NV’s holdings in Oracle Corp. were worth $18,497,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lockheed Martin Investment Management Co. boosted its position in Oracle Corp. by 757.9% in the first quarter. Lockheed Martin Investment Management Co. now owns 163,000 shares of the enterprise software provider’s stock valued at $6,668,000 after buying an additional 144,000 shares during the last quarter. Alexandria Capital LLC boosted its position in Oracle Corp. by 121.5% in the first quarter. Alexandria Capital LLC now owns 208,207 shares of the enterprise software provider’s stock valued at $8,518,000 after buying an additional 114,222 shares during the last quarter. Buffington Mohr McNeal boosted its position in Oracle Corp. by 194.8% in the first quarter. Buffington Mohr McNeal now owns 10,112 shares of the enterprise software provider’s stock valued at $413,000 after buying an additional 6,682 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Oracle Corp. during the first quarter valued at $2,878,000. Finally, Aperio Group LLC boosted its position in Oracle Corp. by 4.3% in the first quarter. Aperio Group LLC now owns 1,484,375 shares of the enterprise software provider’s stock valued at $60,726,000 after buying an additional 61,419 shares during the last quarter. 58.24% of the stock is currently owned by institutional investors.
Shares of Oracle Corp. (NYSE:ORCL) traded up 1.00% on Friday, hitting $38.41. 11,601,173 shares of the stock were exchanged. The stock’s 50-day moving average is $39.72 and its 200-day moving average is $40.22. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The stock has a market cap of $157.69 billion, a price-to-earnings ratio of 18.25 and a beta of 1.23.
Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The company had revenue of $8.60 billion for the quarter. During the same quarter in the previous year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts forecast that Oracle Corp. will post $2.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.56%. Oracle Corp.’s payout ratio is presently 28.57%.
Several equities analysts have weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $51.00 price objective on shares of Oracle Corp. in a research report on Friday, July 15th. Atlantic Securities cut shares of Oracle Corp. from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $44.00 in a research report on Tuesday, July 19th. Macquarie reiterated an “outperform” rating on shares of Oracle Corp. in a research report on Tuesday, July 19th. BTIG Research lifted their price objective on shares of Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 14th. Finally, Vetr cut shares of Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price target on the stock. in a report on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Oracle Corp. has an average rating of “Hold” and a consensus target price of $46.26.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total transaction of $150,600.00. Following the transaction, the director now owns 8,281 shares in the company, valued at approximately $332,564.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the transaction, the executive vice president now owns 119,645 shares in the company, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. Corporate 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.
Receive News & Stock Ratings for Oracle Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle Corp. and related stocks with our FREE daily email newsletter.