Edgestream Partners L.P. grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 346.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,828 shares of the enterprise software provider’s stock after buying an additional 26,245 shares during the quarter. Edgestream Partners L.P.’s holdings in Oracle Corporation were worth $1,509,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Boston Partners lifted its holdings in Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares during the period. Swiss National Bank lifted its holdings in shares of Oracle Corporation by 26.2% during the 1st quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock valued at $496,863,000 after purchasing an additional 2,309,400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Oracle Corporation by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after purchasing an additional 1,521,879 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Oracle Corporation during the 1st quarter valued at $66,017,000. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Oracle Corporation by 3.7% during the 1st quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock valued at $1,839,501,000 after purchasing an additional 1,467,144 shares during the last quarter. 58.67% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on ORCL. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of Oracle Corporation in a research report on Monday, September 11th. Vetr downgraded Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a research report on Tuesday, September 12th. Sanford C. Bernstein restated an “outperform” rating and set a $54.00 target price on shares of Oracle Corporation in a research report on Tuesday, June 13th. Moffett Nathanson started coverage on Oracle Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the company a “buy” rating in a research report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $52.44.
In other Oracle Corporation news, Director Michael J. Boskin sold 150,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the completion of the sale, the director now owns 99,454 shares of the company’s stock, valued at approximately $5,041,323.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction 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 directly owns 18,125 shares of the company’s stock, valued at approximately $911,687.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock valued at $91,582,600 over the last ninety days. Company insiders own 29.00% of the company’s stock.
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Shares of Oracle Corporation (NYSE ORCL) traded down 7.67% on Friday, reaching $48.74. 66,367,857 shares of the company’s stock traded hands. The firm has a market capitalization of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05. The company’s 50-day moving average is $49.96 and its 200-day moving average is $46.98. Oracle Corporation has a 52 week low of $37.62 and a 52 week 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 21.05%. Oracle Corporation’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. Equities research analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio is currently 33.19%.
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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