Mcmillion Capital Management Inc. Decreases Position in Oracle Corporation (ORCL)
Mcmillion Capital Management Inc. decreased its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,873 shares of the enterprise software provider’s stock after selling 235 shares during the period. Oracle Corporation makes up 2.0% of Mcmillion Capital Management Inc.’s portfolio, making the stock its 23rd largest position. Mcmillion Capital Management Inc.’s holdings in Oracle Corporation were worth $2,939,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Boston Partners increased its stake in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after buying an additional 3,054,765 shares during the period. Quotient Investors LLC increased its stake in shares of Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock valued at $1,865,000 after buying an additional 30,300 shares during the period. Gateway Investment Advisers LLC increased its stake in shares of Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock valued at $83,312,000 after buying an additional 17,458 shares during the period. Macquarie Group Ltd. increased its stake in shares of Oracle Corporation by 16.2% in the fourth quarter. Macquarie Group Ltd. now owns 288,854 shares of the enterprise software provider’s stock valued at $11,107,000 after buying an additional 40,221 shares during the period. Finally, Nadler Financial Group Inc. increased its stake in shares of Oracle Corporation by 1.3% in the first quarter. Nadler Financial Group Inc. now owns 32,911 shares of the enterprise software provider’s stock valued at $1,468,000 after buying an additional 429 shares during the period. 58.79% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation (ORCL) traded up 0.2956% on Tuesday, reaching $48.9944. The company had a trading volume of 2,852,204 shares. The firm has a market capitalization of $202.67 billion, a price-to-earnings ratio of 22.1694 and a beta of 1.06. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The company’s 50 day moving average is $50.04 and its 200-day moving average is $45.54.
Oracle Corporation (NYSE:ORCL) last released its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The firm had revenue of $10.94 billion during the quarter, compared to analyst estimates of $10.45 billion. During the same period last year, the business earned $0.81 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Oracle Corporation will post $2.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s payout ratio is 34.55%.
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Several equities research analysts have issued reports on the company. UBS AG restated a “buy” rating and issued a $52.00 price target (up from $48.00) on shares of Oracle Corporation in a report 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 report on Wednesday, August 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $54.00 price objective on shares of Oracle Corporation in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a report on Tuesday, June 20th. Finally, MKM Partners reiterated a “neutral” rating and set a $48.00 price objective (up from $45.00) on shares of Oracle Corporation in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $50.70.
In other news, EVP W Corey West sold 150,000 shares of Oracle Corporation 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 completion of the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at $9,146,803.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce R. Chizen sold 206,250 shares of Oracle Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $49.75, for a total transaction of $10,260,937.50. Following the transaction, the director now owns 63,985 shares of the company’s stock, valued at $3,183,253.75. The disclosure for this sale can be found here. Insiders have sold 1,813,750 shares of company stock valued at $91,377,700 over the last quarter. Company 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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