Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,393,476 shares of the enterprise software provider’s stock after selling 16,453 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.23% of Oracle worth $454,175,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Acrospire Investment Management LLC grew its position in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors grew its position in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the period. IHT Wealth Management LLC grew its position in Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the period. State of Alaska Department of Revenue bought a new stake in Oracle in the 2nd quarter worth approximately $129,000. Finally, ETF Managers Group LLC bought a new stake in Oracle in the 2nd quarter worth approximately $133,000. 57.89% of the stock is owned by institutional investors.
A number of equities research analysts have commented on ORCL shares. Canaccord Genuity started coverage on shares of Oracle in a research report on Friday, October 6th. They issued a “buy” rating and a $57.00 target price for the company. Goldman Sachs Group set a $56.00 target price on shares of Oracle and gave the stock a “buy” rating in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating on shares of Oracle in a research report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. Finally, BidaskClub raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $55.28.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,500 shares of company stock worth $5,123,613. 29.00% of the stock is owned by corporate insiders.
Oracle Corporation (NYSE:ORCL) opened at $49.59 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle Corporation has a one year low of $38.88 and a one year high of $53.14. The firm has a market cap of $206,960.00, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.89 and a beta of 1.05.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the company earned $0.61 EPS. Oracle’s revenue for the quarter was up 6.2% on a year-over-year basis. research analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is 32.62%.
Oracle announced that its Board of Directors has approved a stock repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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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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