Brandes Investment Partners LP Has $14,240,000 Position in Oracle Corp. (ORCL)
Brandes Investment Partners LP cut its stake in shares of Oracle Corp. (NYSE:ORCL) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347,921 shares of the enterprise software provider’s stock after selling 21,134 shares during the period. Brandes Investment Partners LP’s holdings in Oracle Corp. were worth $14,240,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ORCL. Cribstone Capital Management LLC purchased a new position in Oracle Corp. during the second quarter valued at $102,000. FCM Investments TX boosted its position in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the period. Proficio Capital Partners LLC boosted its position in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in Oracle Corp. by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock worth $142,000 after buying an additional 99 shares during the period. Finally, Ironwood Financial llc bought a new position in Oracle Corp. during the first quarter worth approximately $147,000. 58.00% of the stock is owned by institutional investors and hedge funds.
Shares of Oracle Corp. (NYSE:ORCL) opened at 38.92 on Friday. The firm has a 50 day moving average price of $41.07 and a 200 day moving average price of $40.28. The stock has a market cap of $160.46 billion, a PE ratio of 18.80 and a beta of 1.08. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.22% and a net margin of 24.16%. The business earned $8.60 billion during the quarter. During the same period in the prior year, the company earned $0.53 EPS. Oracle Corp.’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that Oracle Corp. will post $2.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio is currently 28.57%.
A number of equities research analysts have recently weighed in on ORCL shares. Vetr raised Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $45.46 target price for the company in a report on Monday, September 12th. Barclays PLC reissued a “buy” rating on shares of Oracle Corp. in a report on Monday, September 12th. Zacks Investment Research downgraded Oracle Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Atlantic Securities downgraded Oracle Corp. from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. Finally, Jefferies Group reissued a “buy” rating on shares of Oracle Corp. in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.89.
In related news, Director Naomi O. Seligman sold 25,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $40.74, for a total transaction of $1,018,500.00. Following the completion of the sale, the director now owns 32,654 shares in the company, valued at $1,330,323.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $40.16, for a total value of $150,600.00. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The disclosure for this sale can be found here. 28.00% of the stock is owned by insiders.
Oracle Corp. 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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