Smith Anglin Financial LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,602 shares of the enterprise software provider’s stock after acquiring an additional 634 shares during the period. Smith Anglin Financial LLC’s holdings in Oracle were worth $358,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its position in Oracle by 3.8% during the second quarter. Fisher Asset Management LLC now owns 14,881,574 shares of the enterprise software provider’s stock worth $1,158,382,000 after acquiring an additional 539,617 shares during the period. Alliancebernstein L.P. raised its position in Oracle by 20.9% during the first quarter. Alliancebernstein L.P. now owns 14,703,345 shares of the enterprise software provider’s stock worth $1,031,734,000 after acquiring an additional 2,539,796 shares during the period. Morgan Stanley raised its position in Oracle by 7.3% during the first quarter. Morgan Stanley now owns 11,134,452 shares of the enterprise software provider’s stock worth $781,305,000 after acquiring an additional 755,333 shares during the period. Primecap Management Co. CA raised its position in Oracle by 4.6% during the first quarter. Primecap Management Co. CA now owns 10,211,050 shares of the enterprise software provider’s stock worth $716,509,000 after acquiring an additional 444,400 shares during the period. Finally, Clearbridge Investments LLC raised its position in Oracle by 7.2% during the first quarter. Clearbridge Investments LLC now owns 7,626,080 shares of the enterprise software provider’s stock worth $535,122,000 after acquiring an additional 510,455 shares during the period. Hedge funds and other institutional investors own 44.47% of the company’s stock.
A number of equities analysts have weighed in on the stock. Societe Generale upped their price objective on shares of Oracle from $83.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday. Morgan Stanley upped their price objective on shares of Oracle from $73.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 16th. Cowen reaffirmed a “buy” rating and set a $93.00 target price on shares of Oracle in a report on Friday, September 10th. KeyCorp upped their target price on shares of Oracle from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Finally, Citigroup upped their target price on shares of Oracle from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $80.38.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.06. The company had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.77 billion. Oracle had a net margin of 33.96% and a return on equity of 146.83%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. Equities analysts anticipate that Oracle Co. will post 4.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 26th. Stockholders of record on Tuesday, October 12th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, October 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.45%. Oracle’s dividend payout ratio (DPR) is presently 30.77%.
In related news, Director Naomi O. Seligman sold 35,000 shares of Oracle stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $87.88, for a total value of $3,075,800.00. Following the transaction, the director now directly owns 71,724 shares in the company, valued at approximately $6,303,105.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 125,000 shares of Oracle stock in a transaction on Friday, June 18th. The shares were sold at an average price of $76.38, for a total transaction of $9,547,500.00. Following the completion of the transaction, the executive vice president now owns 125,000 shares in the company, valued at $9,547,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,000 shares of company stock worth $30,231,050. Insiders own 39.10% of the company’s stock.
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.
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