Pictet North America Advisors SA lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,667 shares of the enterprise software provider’s stock after purchasing an additional 6,024 shares during the quarter. Pictet North America Advisors SA’s holdings in Oracle Corporation were worth $2,240,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burt Wealth Advisors grew its stake in Oracle Corporation by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares during the period. Baystate Wealth Management LLC grew its stake in Oracle Corporation by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after acquiring an additional 206 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Oracle Corporation during the 2nd quarter worth $129,000. Finally, Cribstone Capital Management LLC boosted its stake in Oracle Corporation by 5.0% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,619 shares of the enterprise software provider’s stock worth $131,000 after purchasing an additional 124 shares during the last quarter. 58.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oracle Corporation (ORCL) opened at $48.58 on Thursday. Oracle Corporation has a 52 week low of $37.64 and a 52 week high of $53.14. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $202,956.63, a P/E ratio of 19.07, a PEG ratio of 1.85 and a beta of 1.07.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. research analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.
In other news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,821,999 in the last 90 days. Company insiders own 29.00% of the company’s stock.
Several brokerages have issued reports on ORCL. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 target price on shares of Oracle Corporation in a research note on Tuesday. Vetr cut shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating and set a $51.82 target price on the stock. in a research note on Monday. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, November 15th. UBS AG reaffirmed a “neutral” rating and set a $55.00 target price (down previously from $57.00) on shares of Oracle Corporation in a research note on Thursday, November 9th. Finally, BidaskClub cut shares of Oracle Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Eleven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.85.
Oracle Corporation 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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