ING Groep NV increased its position in shares of Oracle Corp. (NYSE:ORCL) by 317.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,022 shares of the enterprise software provider’s stock after buying an additional 343,626 shares during the period. ING Groep NV’s holdings in Oracle Corp. were worth $18,497,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lockheed Martin Investment Management Co. increased its position in Oracle Corp. by 757.9% in the first quarter. Lockheed Martin Investment Management Co. now owns 163,000 shares of the enterprise software provider’s stock worth $6,668,000 after buying an additional 144,000 shares during the last quarter. Alexandria Capital LLC increased its position in Oracle Corp. by 121.5% in the first quarter. Alexandria Capital LLC now owns 208,207 shares of the enterprise software provider’s stock valued at $8,518,000 after buying an additional 114,222 shares during the last quarter. Buffington Mohr McNeal increased its position in Oracle Corp. by 194.8% in the first quarter. Buffington Mohr McNeal now owns 10,112 shares of the enterprise software provider’s stock valued at $413,000 after buying an additional 6,682 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new position in Oracle Corp. during the first quarter valued at $2,878,000. Finally, Aperio Group LLC increased its position in Oracle Corp. by 4.3% in the first quarter. Aperio Group LLC now owns 1,484,375 shares of the enterprise software provider’s stock valued at $60,726,000 after buying an additional 61,419 shares during the last quarter. Institutional investors own 58.24% of the company’s stock.
Oracle Corp. (NYSE:ORCL) traded up 1.00% on Friday, reaching $38.41. The company’s stock had a trading volume of 11,601,173 shares. The firm has a 50-day moving average of $39.72 and a 200 day moving average of $40.22. The company has a market capitalization of $157.69 billion, a price-to-earnings ratio of 18.25 and a beta of 1.23. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.
Oracle Corp. (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. The business earned $8.60 billion during the quarter. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Corp. will post $2.63 EPS for the current fiscal 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s dividend payout ratio (DPR) is presently 28.57%.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Oracle Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Vetr upgraded shares of Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 price objective on the stock in a report on Tuesday, September 6th. DA Davidson restated a “buy” rating and set a $52.00 price objective on shares of Oracle Corp. in a report on Saturday, September 17th. Cowen and Company assumed coverage on shares of Oracle Corp. in a report on Thursday, June 23rd. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, Jefferies Group restated a “buy” rating and set a $51.00 price objective on shares of Oracle Corp. in a report on Tuesday, September 13th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have issued a buy rating to the company. Oracle Corp. has a consensus rating of “Hold” and a consensus price target of $46.26.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $41.12, for a total value of $154,200.00. Following the completion of the transaction, the director now directly owns 8,281 shares in the company, valued at $340,514.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the transaction, the executive vice president now owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. 29.00% of the stock is owned by company insiders.
Oracle Corp. 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.