Capital Investment Services of America Inc. reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 317,482 shares of the enterprise software provider’s stock after selling 3,362 shares during the quarter. Oracle Corporation accounts for 2.7% of Capital Investment Services of America Inc.’s holdings, making the stock its 9th biggest holding. Capital Investment Services of America Inc.’s holdings in Oracle Corporation were worth $15,919,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Oracle Corporation by 1.0% during the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after buying an additional 1,187,802 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 worth $2,397,824,000 after buying an additional 1,521,879 shares during the last quarter. Harris Associates L P lifted its position in shares of Oracle Corporation by 0.4% during the 1st quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock worth $1,854,068,000 after buying an additional 156,122 shares during the last quarter. First Eagle Investment Management LLC lifted its position 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 worth $1,839,501,000 after buying an additional 1,467,144 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Oracle Corporation by 6,353.4% during the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares during the last quarter. 58.67% of the stock is currently owned by institutional investors.
Shares of Oracle Corporation (ORCL) traded down 7.67% during mid-day trading on Friday, reaching $48.74. The company had a trading volume of 66,367,857 shares. The company has a market capitalization of $201.62 billion, a price-to-earnings ratio of 22.05 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14. The company has a 50 day moving average price of $49.96 and a 200 day moving average price of $46.98.
Oracle Corporation (NYSE:ORCL) last issued its 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 return on equity of 21.05% and a net margin of 25.34%. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the business posted $0.55 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Oracle Corporation will post $2.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle Corporation’s dividend payout ratio is 33.19%.
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In other news, EVP W Corey West sold 150,000 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $48.86, for a total value of $183,225.00. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $885,587.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,817,500 shares of company stock worth $91,582,600. Company insiders own 29.00% of the company’s stock.
Several analysts recently weighed in on the company. Jefferies Group LLC upped 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. Credit Suisse Group assumed coverage on Oracle Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price objective for the company. KeyCorp restated a “buy” rating and set 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 restated a “buy” rating and set a $63.00 price objective on shares of Oracle Corporation in a research report on Friday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $52.44.
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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