B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Holds Holdings in Oracle Corporation (ORCL)
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund held its stake in shares of Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,516 shares of the enterprise software provider’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Oracle Corporation were worth $4,238,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Burt Wealth Advisors lifted its holdings in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares in the last quarter. Baystate Wealth Management LLC increased its stake in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after purchasing an additional 206 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Oracle Corporation in the second quarter valued at approximately $129,000. Institutional investors and hedge funds own 58.10% of the company’s stock.
In other Oracle Corporation news, Director Jeffrey Berg sold 45,000 shares of the firm’s 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 SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 305,776 shares of company stock worth $14,822,112. Insiders own 29.00% of the company’s stock.
ORCL has been the subject of several recent analyst reports. Vetr downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price for the company. in a research note on Sunday, September 3rd. Zacks Investment Research downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 target price on shares of Oracle Corporation in a research note on Sunday, August 27th. Finally, BidaskClub raised shares of Oracle Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Twelve equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and an average price target of $55.05.
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Oracle Corporation (NYSE ORCL) opened at $49.32 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14. The company has a market cap of $205,502.45, a PE ratio of 19.31, a P/E/G ratio of 1.87 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last released 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 net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is currently 33.19%.
Oracle Corporation 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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