PHH Investments Ltd. Increases Position in Oracle Corporation (ORCL)
PHH Investments Ltd. boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,450 shares of the enterprise software provider’s stock after buying an additional 174 shares during the period. PHH Investments Ltd.’s holdings in Oracle Corporation were worth $1,180,000 as of its most recent SEC filing.
A number of other large investors 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 worth $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 worth $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 worth $83,312,000 after buying an additional 17,458 shares during the period. 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 worth $1,468,000 after buying an additional 429 shares during the period. Finally, Orrstown Financial Services Inc. increased its stake in shares of Oracle Corporation by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares during the period. Institutional investors and hedge funds own 58.79% of the company’s stock.
Oracle Corporation (ORCL) traded up 0.426% during trading on Wednesday, hitting $49.038. The company’s stock had a trading volume of 3,629,387 shares. The company has a 50-day moving average of $49.98 and a 200 day moving average of $45.60. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The firm has a market cap of $202.85 billion, a PE ratio of 22.189 and a beta of 1.06. Oracle Corporation also was the target of unusually large options trading activity on Tuesday. Investors acquired 19,908 call options on the stock. This represents an increase of approximately 103% compared to the typical volume of 9,799 call options.
Oracle Corporation (NYSE:ORCL) last announced its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, topping the 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 business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Oracle Corporation will post $2.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, July 17th. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. Oracle Corporation’s dividend payout ratio (DPR) is 34.55%.
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ORCL has been the topic of a number of recent research reports. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Oracle Corporation in a report on Tuesday, July 25th. Benchmark Co. increased their price target on Oracle Corporation from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, June 22nd. KeyCorp upgraded Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 price target on the stock in a report on Wednesday, July 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $49.00 price target on shares of Oracle Corporation in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned 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, Director Michael J. Boskin sold 150,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $50.69, for a total transaction of $7,603,500.00. Following the completion of the sale, the director now owns 99,454 shares in the company, valued at $5,041,323.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $44.57, for a total transaction of $167,137.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $807,831.25. The disclosure for this sale can be found here. Insiders have sold 1,817,500 shares of company stock valued at $91,560,925 in the last quarter. Insiders own 29.00% of the company’s stock.
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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