Sequoia Financial Advisors LLC boosted its stake in Oracle Corporation (NYSE:ORCL) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,745 shares of the enterprise software provider’s stock after purchasing an additional 12,147 shares during the quarter. Oracle Corporation comprises about 0.6% of Sequoia Financial Advisors LLC’s holdings, making the stock its 29th biggest position. Sequoia Financial Advisors LLC’s holdings in Oracle Corporation were worth $5,152,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of ORCL. Macquarie Group Ltd. grew its holdings 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 purchasing an additional 18,351,920 shares during the period. Canada Pension Plan Investment Board grew its holdings in Oracle Corporation by 376.6% in the second quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock worth $203,218,000 after purchasing an additional 3,202,664 shares during the period. Swiss National Bank grew its holdings 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 purchasing an additional 2,309,400 shares during the period. Neuberger Berman Group LLC grew its holdings in Oracle Corporation by 19.8% in the second quarter. Neuberger Berman Group LLC now owns 12,342,418 shares of the enterprise software provider’s stock worth $618,849,000 after purchasing an additional 2,042,742 shares during the period. Finally, Marathon Asset Management LLP grew its holdings 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 purchasing an additional 1,821,601 shares during the period. Institutional investors and hedge funds own 58.09% of the company’s stock.
In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock valued at $14,821,999 over the last quarter. 29.00% of the stock is currently owned by company insiders.
Shares of Oracle Corporation (NYSE:ORCL) opened at $49.02 on Tuesday. Oracle Corporation has a 1-year low of $37.64 and a 1-year high of $53.14. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $204,580.00, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.86 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. Oracle Corporation’s dividend payout ratio is currently 33.19%.
A number of equities research analysts have commented on the stock. Vetr cut shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $51.82 price target for the company. in a report on Monday. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Wednesday, November 15th. UBS AG reaffirmed a “neutral” rating and issued a $55.00 price objective (down from $57.00) on shares of Oracle Corporation in a research note on Thursday, November 9th. Finally, BidaskClub lowered shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Eleven analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Oracle Corporation presently has a consensus rating of “Buy” and a consensus target price of $54.85.
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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