LVM Capital Management Ltd. MI Raises Holdings in Oracle Corporation (ORCL)
LVM Capital Management Ltd. MI increased its holdings in Oracle Corporation (NYSE:ORCL) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,450 shares of the enterprise software provider’s stock after acquiring an additional 900 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Oracle Corporation were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Oracle Corporation by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after acquiring an additional 2,300 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after acquiring an additional 1,264 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oracle Corporation in the 2nd quarter worth about $129,000. Heritage Trust Co bought a new position in shares of Oracle Corporation in the 1st quarter worth about $130,000. Finally, Clean Yield Group bought a new position in shares of Oracle Corporation in the 1st quarter worth about $131,000. Institutional investors own 58.66% of the company’s stock.
Several research analysts recently issued reports on the stock. UBS AG reiterated a “buy” rating and issued a $52.00 price target (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. Goldman Sachs Group, Inc. (The) set a $56.00 price target on shares of Oracle Corporation and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets increased their price target on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. Finally, Moffett Nathanson assumed coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $53.37.
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Oracle Corporation (NYSE ORCL) traded down 1.094% on Friday, hitting $48.375. 8,949,020 shares of the company were exchanged. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $53.14. The stock has a market capitalization of $201.87 billion, a P/E ratio of 21.042 and a beta of 1.05. The stock’s 50-day moving average price is $49.53 and its 200-day moving average price is $47.49.
Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the company earned $0.55 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Corporation will post $2.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total value of $37,845,000.00. Following the completion of the sale, the insider now directly owns 783,533 shares of the company’s stock, valued at approximately $39,537,075.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $911,687.50. The disclosure for this sale can be found here. Insiders sold a total of 1,055,776 shares of company stock valued at $52,673,112 over the last ninety days. Corporate 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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