Mutual of America Capital Management LLC increased its stake in Oracle Corporation (NYSE:ORCL) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 478,508 shares of the enterprise software provider’s stock after acquiring an additional 44,243 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Oracle were worth $23,136,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. Macquarie Group Ltd. grew its holdings in shares of Oracle by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Oracle in the second quarter valued at about $459,738,000. Harris Associates L P grew its holdings in shares of Oracle by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after purchasing an additional 7,427,501 shares during the period. FMR LLC grew its holdings in shares of Oracle by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after purchasing an additional 6,577,297 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Oracle by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after purchasing an additional 5,270,359 shares during the period. 57.70% of the stock is owned by institutional investors.
ORCL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, September 14th. Drexel Hamilton reissued a “buy” rating and issued a $62.00 price objective on shares of Oracle in a report on Thursday, September 14th. BidaskClub raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 target price on shares of Oracle in a research report on Monday, September 11th. Finally, Moffett Nathanson initiated coverage on shares of Oracle in a research report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 target price on the stock. Fourteen equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $55.26.
Oracle Corporation (NYSE ORCL) opened at $48.30 on Monday. 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 stock has a market cap of $201,579.36, a P/E ratio of 18.44, a PEG ratio of 1.84 and a beta of 1.05. Oracle Corporation has a 1 year low of $38.30 and a 1 year high of $53.14.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.72% and a net margin of 25.48%. The firm had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts predict that Oracle Corporation will post 2.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. Oracle’s dividend payout ratio is presently 32.62%.
Oracle declared that its board has initiated a stock repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Monday, October 16th. The stock was sold at an average price of $48.70, for a total transaction of $182,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 25,776 shares of Oracle stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the transaction, the executive vice president now directly owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 302,026 shares of company stock valued at $14,633,187. Corporate insiders own 29.00% of the company’s stock.
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Oracle 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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