The Oracle Corp. (ORCL) Stake Increased by Tower Research Capital LLC TRC

The Oracle Corp. (ORCL) Stake Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in Oracle Corp. (NYSE:ORCL) by 7,358.6% during the second quarter, Holdings Channel reports. The fund owned 67,799 shares of the enterprise software provider’s stock after buying an additional 66,890 shares during the period. Tower Research Capital LLC TRC’s holdings in Oracle Corp. were worth $2,775,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new position in Oracle Corp. during the second quarter valued at $540,085,000. Bank of Montreal Can purchased a new position in Oracle Corp. during the second quarter valued at $126,162,000. Loomis Sayles & Co. L P boosted its position in Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock valued at $904,361,000 after buying an additional 2,888,674 shares during the last quarter. Schroder Investment Management Group boosted its position in Oracle Corp. by 35.1% in the second quarter. Schroder Investment Management Group now owns 9,692,099 shares of the enterprise software provider’s stock valued at $396,697,000 after buying an additional 2,520,399 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Oracle Corp. by 102.3% in the first quarter. Glenmede Trust Co. NA now owns 3,611,064 shares of the enterprise software provider’s stock valued at $147,727,000 after buying an additional 1,826,039 shares during the last quarter. 58.24% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corp. (NYSE:ORCL) opened at 38.87 on Wednesday. The stock has a 50 day moving average of $40.35 and a 200 day moving average of $40.36. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00. The firm has a market capitalization of $159.58 billion, a PE ratio of 18.47 and a beta of 1.23.

Oracle Corp. (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The firm earned $8.60 billion during the quarter. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Oracle Corp. will post $2.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.

Several equities analysts have recently commented on the stock. Citigroup Inc. restated a “hold” rating on shares of Oracle Corp. in a report on Saturday, June 18th. DA Davidson restated a “buy” rating and set a $52.00 price target on shares of Oracle Corp. in a report on Saturday, September 17th. SunTrust Banks Inc. set a $48.00 price target on shares of Oracle Corp. and gave the company a “buy” rating in a report on Saturday, September 17th. Rosenblatt Securities set a $48.00 price target on shares of Oracle Corp. and gave the company a “buy” rating in a report on Saturday, September 17th. Finally, Jefferies Group restated a “buy” rating and set a $50.00 price target on shares of Oracle Corp. in a report on Monday, June 13th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have given a buy rating to the company. Oracle Corp. currently has an average rating of “Buy” and a consensus price target of $44.76.

In related news, EVP John F. Fowler sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 16,065 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the sale, the executive vice president now directly owns 25,000 shares in the company, valued at $990,250. The disclosure for this sale can be found here. 29.00% of the stock is currently owned by 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.

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