Bronfman E.L. Rothschild L.P. Buys 3,192 Shares of Oracle Corporation (ORCL)
Bronfman E.L. Rothschild L.P. lifted its stake in Oracle Corporation (NYSE:ORCL) by 9.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,336 shares of the enterprise software provider’s stock after buying an additional 3,192 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Oracle Corporation were worth $1,772,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of ORCL. NTV Asset Management LLC purchased a new position in Oracle Corporation in the first quarter valued at $224,000. Point View Wealth Management Inc. increased its position in Oracle Corporation by 7.4% in the 1st quarter. Point View Wealth Management Inc. now owns 6,922 shares of the enterprise software provider’s stock valued at $309,000 after acquiring an additional 477 shares during the period. Bank of New York Mellon Corp boosted its holdings in Oracle Corporation by 2.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after purchasing an additional 1,521,879 shares in the last quarter. Clean Yield Group purchased a new stake in Oracle Corporation in the 1st quarter valued at approximately $131,000. Finally, Comerica Bank boosted its holdings in Oracle Corporation by 4.2% in the 1st quarter. Comerica Bank now owns 976,212 shares of the enterprise software provider’s stock valued at $43,705,000 after purchasing an additional 39,077 shares in the last quarter. Hedge funds and other institutional investors own 58.09% of the company’s stock.
In related news, EVP Dorian Daley sold 25,776 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was 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 of the company’s stock, valued at approximately $912,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by insiders.
Shares of Oracle Corporation (ORCL) opened at $48.94 on Monday. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 52 week low of $37.64 and a 52 week high of $53.14. The firm has a market capitalization of $204,250.39, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. equities research analysts predict that Oracle Corporation will post 2.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were issued a $0.19 dividend. The ex-dividend date was Tuesday, October 10th. This represents a $0.76 annualized dividend and a yield of 1.55%. Oracle Corporation’s dividend payout ratio is currently 33.19%.
ORCL has been the subject of a number of research reports. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, November 15th. Vetr upgraded shares of 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 reiterated a “neutral” rating and set a $55.00 price objective (down previously from $57.00) on shares of Oracle Corporation in a research note on Thursday, November 9th. BidaskClub lowered shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Oracle Corporation in a research note on Sunday, October 22nd. Eleven research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $54.95.
About Oracle Corporation
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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