Thompson Investment Management Inc. Decreases Stake in Oracle Corporation (ORCL)
Thompson Investment Management Inc. reduced its stake in Oracle Corporation (NYSE:ORCL) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,955 shares of the enterprise software provider’s stock after selling 1,380 shares during the period. Thompson Investment Management Inc.’s holdings in Oracle Corporation were worth $4,908,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Oracle Corporation by 48.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,745,200 shares of the enterprise software provider’s stock valued at $685,381,000 after buying an additional 5,430,200 shares during the period. Tesco Pension Investment Ltd purchased a new position in shares of Oracle Corporation during the third quarter valued at $140,937,000. Bank of Montreal Can purchased a new position in shares of Oracle Corporation during the second quarter valued at $126,162,000. Schroder Investment Management Group raised its position in shares of Oracle Corporation by 35.1% in the second quarter. Schroder Investment Management Group now owns 9,692,099 shares of the enterprise software provider’s stock valued at $396,697,000 after buying an additional 2,520,399 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Oracle Corporation by 55.4% in the second quarter. Mackenzie Financial Corp now owns 6,412,640 shares of the enterprise software provider’s stock valued at $262,469,000 after buying an additional 2,286,324 shares during the period. 56.93% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation (NYSE:ORCL) traded up 0.427% during midday trading on Wednesday, hitting $38.825. 5,143,714 shares of the company traded hands. Oracle Corporation has a 12-month low of $33.13 and a 12-month high of $42.00. The stock’s 50-day moving average is $39.44 and its 200-day moving average is $39.88. The firm has a market capitalization of $159.27 billion, a PE ratio of 18.532 and a beta of 1.17.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, December 15th. The enterprise software provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business earned $9.07 billion during the quarter. Oracle Corporation had a net margin of 23.69% and a return on equity of 21.33%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. Analysts anticipate that Oracle Corporation will post $2.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Tuesday, January 3rd. Oracle Corporation’s dividend payout ratio (DPR) is currently 28.99%.
Several research analysts have commented on ORCL shares. Cowen and Company reissued a “buy” rating and issued a $46.00 price objective on shares of Oracle Corporation in a research report on Tuesday, December 13th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $47.00 price objective on shares of Oracle Corporation in a research report on Sunday, September 25th. Bank of America Corporation reissued a “buy” rating and issued a $48.00 price objective on shares of Oracle Corporation in a research report on Thursday, September 22nd. Zacks Investment Research raised Oracle Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. Finally, Jefferies Group reissued a “buy” rating and issued a $51.00 price objective on shares of Oracle Corporation in a research report on Friday, December 9th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Oracle Corporation has an average rating of “Buy” and a consensus price target of $44.15.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $40.85, for a total value of $153,187.50. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at $338,278.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the completion of the sale, the director now owns 52,654 shares of the company’s stock, valued at approximately $2,038,762.88. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by corporate insiders.
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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