Good Life Advisors LLC boosted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,741 shares of the enterprise software provider’s stock after purchasing an additional 1,152 shares during the quarter. Good Life Advisors LLC’s holdings in Oracle Corporation were worth $386,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Boston Partners boosted its position in Oracle Corporation by 20.1% during the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after purchasing an additional 3,054,765 shares during the period. Henderson Group PLC boosted its position in Oracle Corporation by 1.1% during the 1st quarter. Henderson Group PLC now owns 439,501 shares of the enterprise software provider’s stock worth $19,608,000 after acquiring an additional 4,917 shares during the period. HPM Partners LLC acquired a new position in Oracle Corporation during the 1st quarter worth $2,788,000. Princeton Alpha Management LP acquired a new position in Oracle Corporation during the 1st quarter worth $747,000. Finally, Insight 2811 Inc. boosted its position in Oracle Corporation by 16.1% during the 1st quarter. Insight 2811 Inc. now owns 20,831 shares of the enterprise software provider’s stock worth $929,000 after acquiring an additional 2,892 shares during the period. Institutional investors own 58.05% of the company’s stock.
In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total value of $2,161,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dorian Daley sold 25,776 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the sale, the executive vice president now 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. Insiders have sold a total of 305,776 shares of company stock worth $14,821,999 in the last three months. Insiders own 29.00% of the company’s stock.
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A number of analysts have recently commented on the company. Zacks Investment Research raised 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. Vetr raised Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective on the stock in a research note on Monday, November 13th. UBS AG reissued a “neutral” rating and issued a $55.00 price objective (down previously from $57.00) on shares of Oracle Corporation in a research note on Thursday, November 9th. BidaskClub downgraded Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Oracle Corporation in a research note on Sunday, October 22nd. Eleven equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.95.
Shares of Oracle Corporation (NYSE:ORCL) opened at $48.94 on Friday. 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 $205,340.00, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. equities research analysts expect that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
Oracle Corporation 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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