BlackRock Inc. raised its stake in Oracle Corporation (NYSE:ORCL) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,791,492 shares of the enterprise software provider’s stock after buying an additional 4,678,977 shares during the quarter. BlackRock Inc. owned 4.68% of Oracle worth $9,716,707,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Oracle by 1.0% during the 1st quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock worth $5,495,769,000 after purchasing an additional 1,187,802 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Oracle by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after purchasing an additional 482,220 shares during the last quarter. Harris Associates L P increased its stake in shares of Oracle by 0.4% during the 1st quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock worth $1,854,068,000 after purchasing an additional 156,122 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 5.8% during the 2nd quarter. Franklin Resources Inc. now owns 40,206,990 shares of the enterprise software provider’s stock worth $2,015,961,000 after purchasing an additional 2,193,120 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Oracle by 3.8% during the 2nd quarter. Alliancebernstein L.P. now owns 23,074,042 shares of the enterprise software provider’s stock worth $1,156,932,000 after purchasing an additional 836,413 shares during the last quarter. Hedge funds and other institutional investors own 57.70% of the company’s stock.
Several brokerages have recently commented on ORCL. Zacks Investment Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on shares of Oracle to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday. Moffett Nathanson assumed coverage on shares of Oracle in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 price target on the stock. Vetr upgraded shares of Oracle from a “strong sell” rating to a “sell” rating and set a $46.58 target price on the stock in a research note on Monday, September 18th. Finally, BidaskClub lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Twelve investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.77.
In other news, EVP Dorian Daley sold 25,776 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the completion of the transaction, the executive vice president now directly owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $885,043.75. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock valued at $14,821,999 over the last ninety days. 29.00% of the stock is owned by insiders.
Shares of Oracle Corporation (NYSE:ORCL) traded up $0.43 during trading on Thursday, reaching $48.42. 12,974,399 shares of the company’s stock were exchanged, compared to its average volume of 13,259,975. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a 12-month low of $38.30 and a 12-month high of $53.14. The company has a market cap of $200,285.59, a P/E ratio of 18.82, a PEG ratio of 1.83 and a beta of 1.05.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 7.0% on a year-over-year basis. analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current year.
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Oracle 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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