MU Investments Co. Ltd. lowered its position in Oracle Corp. (NYSE:ORCL) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,700 shares of the enterprise software provider’s stock after selling 1,200 shares during the period. Oracle Corp. comprises 2.9% of MU Investments Co. Ltd.’s portfolio, making the stock its 18th largest position. MU Investments Co. Ltd.’s holdings in Oracle Corp. were worth $4,327,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of ORCL. Factory Mutual Insurance Co. boosted its position in Oracle Corp. by 22.3% in the first quarter. Factory Mutual Insurance Co. now owns 2,150,920 shares of the enterprise software provider’s stock worth $87,994,000 after buying an additional 392,000 shares during the period. Arvest Bank Trust Division boosted its position in Oracle Corp. by 2.4% in the first quarter. Arvest Bank Trust Division now owns 381,577 shares of the enterprise software provider’s stock worth $15,610,000 after buying an additional 9,059 shares during the period. Sanders Morris Harris Inc. acquired a new position in Oracle Corp. during the first quarter worth approximately $880,000. Sii Investments Inc. WI boosted its position in Oracle Corp. by 1.4% in the first quarter. Sii Investments Inc. WI now owns 93,847 shares of the enterprise software provider’s stock worth $3,841,000 after buying an additional 1,340 shares during the period. Finally, Investment Centers of America Inc. boosted its position in Oracle Corp. by 6.8% in the first quarter. Investment Centers of America Inc. now owns 13,241 shares of the enterprise software provider’s stock worth $540,000 after buying an additional 839 shares during the period. 58.24% of the stock is owned by institutional investors.
Oracle Corp. (NYSE:ORCL) traded down 0.05% on Thursday, hitting $38.03. The stock had a trading volume of 14,118,062 shares. Oracle Corp. has a 52-week low of $33.13 and a 52-week high of $42.00. The firm has a market cap of $156.13 billion, a price-to-earnings ratio of 18.07 and a beta of 1.23. The company’s 50 day moving average price is $39.88 and its 200 day moving average price is $40.26.
Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by $0.03. The company earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. Oracle Corp.’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Analysts expect that Oracle Corp. will post $2.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid a $0.15 dividend. The ex-dividend date is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. Oracle Corp.’s payout ratio is presently 28.57%.
A number of equities analysts have recently commented on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $51.00 price target on shares of Oracle Corp. in a report on Friday, July 15th. Macquarie reaffirmed an “outperform” rating on shares of Oracle Corp. in a report on Tuesday, July 19th. Atlantic Securities cut Oracle Corp. from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $48.00 to $44.00 in a report on Tuesday, July 19th. BTIG Research upped their target price on Oracle Corp. from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Vetr cut Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 target price for the company. in a report on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have assigned a buy rating to the stock. Oracle Corp. has an average rating of “Hold” and a consensus price target of $46.26.
In other Oracle Corp. news, EVP Dorian Daley sold 16,065 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares in the company, valued at approximately $990,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The disclosure for this sale can be found here. 29.00% of the stock is owned by company insiders.
About Oracle Corp.
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.