Meristem Family Wealth LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,478 shares of the enterprise software provider’s stock after purchasing an additional 198 shares during the period. Meristem Family Wealth LLC’s holdings in Oracle were worth $255,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in Oracle by 1,540.3% during the first quarter. Assenagon Asset Management S.A. now owns 2,380,038 shares of the enterprise software provider’s stock worth $127,832,000 after buying an additional 2,234,942 shares during the last quarter. PGGM Investments raised its holdings in shares of Oracle by 1,064.6% in the 2nd quarter. PGGM Investments now owns 2,258,315 shares of the enterprise software provider’s stock worth $128,656,000 after purchasing an additional 2,064,403 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Oracle by 132.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,507,235 shares of the enterprise software provider’s stock worth $199,811,000 after purchasing an additional 1,996,744 shares during the period. First Trust Advisors LP raised its holdings in shares of Oracle by 35.5% in the 2nd quarter. First Trust Advisors LP now owns 3,794,527 shares of the enterprise software provider’s stock worth $216,174,000 after purchasing an additional 993,629 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Oracle in the 1st quarter worth approximately $44,338,000. 53.71% of the stock is owned by institutional investors and hedge funds.
NYSE:ORCL traded down $1.30 during midday trading on Friday, hitting $51.89. The company had a trading volume of 506,246 shares, compared to its average volume of 10,383,397. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $60.50. The stock’s fifty day moving average price is $56.60 and its 200-day moving average price is $54.32. The company has a market capitalization of $176.73 billion, a PE ratio of 16.41, a P/E/G ratio of 1.55 and a beta of 1.15. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.
Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company had revenue of $11.14 billion during the quarter, compared to analyst estimates of $10.93 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 3.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 annualized dividend and a yield of 1.85%. Oracle’s dividend payout ratio (DPR) is presently 30.38%.
A number of research analysts recently weighed in on ORCL shares. ValuEngine lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their price target on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. Cowen initiated coverage on shares of Oracle in a research report on Friday, August 16th. They set a “buy” rating and a $65.00 price target for the company. Macquarie lowered shares of Oracle from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Finally, Wedbush restated a “neutral” rating and set a $55.00 price target (down from $55.92) on shares of Oracle in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $55.14.
In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $56.29, for a total value of $44,328,375.00. Following the completion of the sale, the chief executive officer now directly owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO W Corey West sold 50,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the completion of the sale, the chief accounting officer now directly owns 85,348 shares of the company’s stock, valued at $4,800,825. The disclosure for this sale can be found here. Insiders sold 1,352,500 shares of company stock valued at $76,708,925 over the last quarter. 32.00% of the stock is owned by company insiders.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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