UBS Asset Management Americas Inc. Has $383,016,000 Position in Oracle Corp. (ORCL)
UBS Asset Management Americas Inc. boosted its stake in shares of Oracle Corp. (NYSE:ORCL) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,357,856 shares of the enterprise software provider’s stock after buying an additional 418,162 shares during the period. UBS Asset Management Americas Inc. owned 0.23% of Oracle Corp. worth $383,016,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Emerald Acquisition Ltd. purchased a new stake in Oracle Corp. during the second quarter valued at approximately $540,085,000. Bank of Montreal Can purchased a new stake in Oracle Corp. during the second quarter valued at approximately $126,162,000. Loomis Sayles & Co. L P raised its stake in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock valued at $904,361,000 after buying an additional 2,888,674 shares in the last quarter. Schroder Investment Management Group raised its stake in Oracle Corp. by 35.1% in the second quarter. Schroder Investment Management Group now owns 9,692,099 shares of the enterprise software provider’s stock valued at $396,697,000 after buying an additional 2,520,399 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Oracle Corp. by 102.3% in the first quarter. Glenmede Trust Co. NA now owns 3,611,064 shares of the enterprise software provider’s stock valued at $147,727,000 after buying an additional 1,826,039 shares in the last quarter. Institutional investors own 58.00% of the company’s stock.
Shares of Oracle Corp. (NYSE:ORCL) traded up 1.23% on Monday, reaching $39.40. 14,916,521 shares of the company were exchanged. Oracle Corp. has a 1-year low of $33.13 and a 1-year high of $42.00. The company 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 capitalization of $162.44 billion, a PE ratio of 19.03 and a beta of 1.08.
Oracle Corp. (NYSE:ORCL) last released its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The firm earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.22%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, analysts forecast that Oracle Corp. will post $2.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Oracle Corp.’s payout ratio is currently 28.57%.
Several research firms have issued reports on ORCL. DA Davidson reaffirmed a “buy” rating and set a $52.00 price objective on shares of Oracle Corp. in a report on Saturday. SunTrust Banks Inc. set a $48.00 price objective on shares of Oracle Corp. and gave the company a “buy” rating in a report on Saturday. Rosenblatt Securities set a $48.00 price objective on shares of Oracle Corp. and gave the company a “buy” rating in a report on Saturday. Citigroup Inc. reaffirmed a “hold” rating on shares of Oracle Corp. in a report on Saturday, June 18th. Finally, Vetr raised shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $44.65 price objective on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.88.
In other news, Director Naomi O. Seligman sold 25,000 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $40.74, for a total transaction of $1,018,500.00. Following the transaction, the director now directly owns 32,654 shares in the company, valued at approximately $1,330,323.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $41.78, for a total transaction of $156,675.00. Following the transaction, the director now owns 8,281 shares in the company, valued at $345,980.18. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.
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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