Oracle Corporation (ORCL) Position Trimmed by Seizert Capital Partners LLC
Seizert Capital Partners LLC lowered its stake in Oracle Corporation (NYSE:ORCL) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 688,576 shares of the enterprise software provider’s stock after selling 9,881 shares during the period. Seizert Capital Partners LLC’s holdings in Oracle Corporation were worth $34,525,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after acquiring an additional 1,187,802 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Oracle Corporation by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after acquiring an additional 482,220 shares in the last quarter. Harris Associates L P boosted its holdings in Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after acquiring an additional 156,122 shares in the last quarter. Boston Partners boosted its holdings in Oracle Corporation by 5.4% in the second quarter. Boston Partners now owns 19,225,637 shares of the enterprise software provider’s stock valued at $963,974,000 after acquiring an additional 991,458 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings 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 valued at $831,551,000 after acquiring an additional 18,351,920 shares in the last quarter. Institutional investors and hedge funds own 58.09% of the company’s stock.
Several research firms recently weighed in on ORCL. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price target on shares of Oracle Corporation in a report on Tuesday. Vetr lowered Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective for the company. in a research report on Monday. Zacks Investment Research raised Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, November 15th. UBS AG reissued a “neutral” rating and set a $55.00 price objective (down previously from $57.00) on shares of Oracle Corporation in a research report on Thursday, November 9th. Finally, BidaskClub lowered Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Eleven analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. Oracle Corporation presently has a consensus rating of “Buy” and an average price target of $54.85.
Oracle Corporation (NYSE ORCL) opened at $48.58 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.63 and a quick ratio of 3.61. The stock has a market capitalization of $202,747.95, a PE ratio of 19.05, a PEG ratio of 1.85 and a beta of 1.07. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion during 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%. Oracle Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. research analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.
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In related news, EVP Dorian Daley sold 76,703 shares of Oracle Corporation stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 45,000 shares of Oracle Corporation stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $48.03, for a total value of $2,161,350.00. The disclosure for this sale can be found here. Insiders sold a total of 305,776 shares of company stock valued at $14,821,999 over the last quarter. 29.00% of the stock is owned by corporate insiders.
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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