Oracle Corporation (ORCL) Shares Bought by Bessemer Group Inc.
Bessemer Group Inc. lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 30.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,100,093 shares of the enterprise software provider’s stock after buying an additional 1,187,563 shares during the quarter. Oracle Corporation makes up approximately 1.0% of Bessemer Group Inc.’s investment portfolio, making the stock its 24th largest position. Bessemer Group Inc. owned approximately 0.12% of Oracle Corporation worth $255,720,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Boston Partners raised its stake in shares of Oracle Corporation by 20.1% during the 1st 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. Lockheed Martin Investment Management Co. raised its stake in Oracle Corporation by 21.4% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock valued at $3,286,000 after purchasing an additional 13,000 shares during the last quarter. LGT Capital Partners LTD. raised its stake in Oracle Corporation by 14.0% in the 2nd quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after purchasing an additional 76,653 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in Oracle Corporation in the 1st quarter valued at $1,522,000. Finally, Regentatlantic Capital LLC raised its stake in Oracle Corporation by 5.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 194,953 shares of the enterprise software provider’s stock valued at $9,775,000 after purchasing an additional 10,074 shares during the last quarter. 57.83% of the stock is owned by institutional investors and hedge funds.
Oracle Corporation (NYSE:ORCL) opened at 48.40 on Monday. The stock has a market cap of $201.98 billion, a P/E ratio of 21.05 and a beta of 1.05. The company’s 50-day moving average price is $49.52 and its 200-day moving average price is $47.52. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $53.14.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Oracle Corporation’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts predict that Oracle Corporation will post $2.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s payout ratio is currently 33.19%.
Several research analysts recently commented on the company. Jefferies Group LLC increased their price objective on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Credit Suisse Group assumed coverage on Oracle Corporation in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective for the company. KeyCorp reissued a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 18th. BidaskClub raised Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group reissued a “buy” rating and issued a $63.00 price objective on shares of Oracle Corporation in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. Oracle Corporation has an average rating of “Buy” and an average target price of $53.37.
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In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the sale, the insider now owns 783,533 shares in the company, valued at $39,537,075.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $50.30, for a total value of $188,625.00. Following the sale, the director now owns 18,125 shares in the company, valued at approximately $911,687.50. The disclosure for this sale can be found here. Insiders have sold 1,055,776 shares of company stock worth $52,673,112 in the last 90 days. 29.00% of the stock is currently owned by 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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