Cambridge Trust Co. Boosts Stake in Oracle Corporation (NYSE:ORCL)
Cambridge Trust Co. boosted its position in Oracle Corporation (NYSE:ORCL) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,188 shares of the enterprise software provider’s stock after buying an additional 865 shares during the period. Cambridge Trust Co.’s holdings in Oracle Corporation were worth $990,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in Oracle Corporation by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares during the period. Boston Partners raised its stake in Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares during the period. Swiss National Bank raised its stake in Oracle Corporation by 26.2% in the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after buying an additional 2,309,400 shares during the period. Bank of New York Mellon Corp raised its stake in Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after buying an additional 1,521,879 shares during the period. Finally, Karp Capital Management Corp bought a new stake in Oracle Corporation during the first quarter worth approximately $66,017,000. Institutional investors and hedge funds own 58.79% of the company’s stock.
Oracle Corporation (ORCL) traded up 0.985% during mid-day trading on Monday, hitting $48.715. The company had a trading volume of 2,512,306 shares. The stock has a market capitalization of $201.52 billion, a PE ratio of 22.043 and a beta of 1.06. The stock has a 50 day moving average price of $50.10 and a 200-day moving average price of $45.40. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.85.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.78 by $0.11. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. On average, analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle Corporation’s dividend payout ratio is currently 34.55%.
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ORCL has been the topic of a number of recent analyst reports. UBS AG reissued a “buy” rating and issued a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. BidaskClub downgraded Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Oracle Corporation in a research note on Tuesday, July 25th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $48.00 price target (up from $45.00) on shares of Oracle Corporation in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company’s stock. Oracle Corporation currently has an average rating of “Buy” and an average price target of $50.70.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $44.57, for a total transaction of $167,137.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $807,831.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP W Corey West sold 150,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the transaction, the executive vice president now owns 177,988 shares in the company, valued at $9,146,803.32. The disclosure for this sale can be found here. Insiders sold a total of 1,813,750 shares of company stock worth $91,377,700 over the last 90 days. Insiders own 29.00% of the company’s stock.
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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