Mn Services Vermogensbeheer B.V. boosted its holdings in Oracle Corporation (NYSE:ORCL) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508,911 shares of the enterprise software provider’s stock after purchasing an additional 4,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Oracle were worth $24,606,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake 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 boosted its position in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Oracle by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after acquiring an additional 947 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oracle during the 2nd quarter valued at approximately $129,000. Finally, ETF Managers Group LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $133,000. Institutional investors and hedge funds own 57.89% of the company’s stock.
Shares of Oracle Corporation (NYSE:ORCL) opened at $48.18 on Friday. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Corporation has a twelve month low of $38.38 and a twelve month high of $53.14. The firm has a market capitalization of $201,080.00, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.78 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, topping analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. equities analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
Oracle announced that its board has authorized a share repurchase program on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle’s payout ratio is 32.62%.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the sale, the director now owns 18,125 shares in the company, valued at $885,043.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, 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 quarter, insiders sold 111,250 shares of company stock worth $5,306,238. Insiders own 29.00% of the company’s stock.
A number of research firms have recently commented on ORCL. Morgan Stanley upgraded Oracle from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $46.63 to $47.71 in a research report on Wednesday. Vetr upgraded Oracle from a “strong sell” rating to a “sell” rating and set a $46.58 target price for the company in a research report on Monday, September 18th. BidaskClub downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Credit Suisse Group reiterated an “overweight” rating and set a $62.00 target price on shares of Oracle in a research report on Monday, September 18th. Finally, JPMorgan Chase & Co. set a $55.00 target price on Oracle and gave the company a “buy” rating in a research report on Monday, December 18th. One investment 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. The company presently has an average rating of “Buy” and a consensus target price of $55.28.
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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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