Lee Financial Co Buys 313 Shares of Oracle Corporation (ORCL)
Lee Financial Co lifted its stake in Oracle Corporation (NYSE:ORCL) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,719 shares of the enterprise software provider’s stock after purchasing an additional 313 shares during the quarter. Lee Financial Co’s holdings in Oracle Corporation were worth $387,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Macquarie Group Ltd. grew its position in Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after acquiring an additional 18,351,920 shares during the period. Boston Partners grew its position in Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after acquiring an additional 3,054,765 shares during the period. Swiss National Bank grew its position in Oracle Corporation by 26.2% in the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after acquiring an additional 2,309,400 shares during the period. Marathon Asset Management LLP grew its position in Oracle Corporation by 70.7% in the second quarter. Marathon Asset Management LLP now owns 4,398,780 shares of the enterprise software provider’s stock worth $220,555,000 after acquiring an additional 1,821,601 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after acquiring an additional 1,521,879 shares during the period. 58.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Oracle Corporation (NYSE:ORCL) opened at 48.40 on Friday. The stock has a market cap of $201.98 billion, a price-to-earnings ratio of 21.05 and a beta of 1.05. The firm has a 50-day moving average price of $49.52 and a 200-day moving average price of $47.52. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the business earned $0.55 earnings per share. Oracle Corporation’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. Oracle Corporation’s payout ratio is currently 33.19%.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $50.30, for a total value of $188,625.00. Following the sale, the director now owns 18,125 shares in the company, valued at $911,687.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 25,776 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the sale, the executive vice president now owns 30,977 shares in the company, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. Insiders sold 1,055,776 shares of company stock worth $52,673,112 in the last 90 days. 29.00% of the stock is owned by company insiders.
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Several research analysts recently weighed in on the company. Jefferies Group LLC increased their price objective on Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Credit Suisse Group assumed coverage on Oracle Corporation in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a research report on Tuesday, July 18th. BidaskClub upgraded Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group reiterated a “buy” rating and issued a $63.00 price objective on shares of Oracle Corporation in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. Oracle Corporation presently has a consensus rating of “Buy” and a consensus target price of $53.37.
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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