3,641 Shares in Oracle Co. (NYSE:ORCL) Purchased by Premier Asset Management LLC

Share on StockTwits

Premier Asset Management LLC bought a new position in Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,641 shares of the enterprise software provider’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in Oracle by 1,540.3% in 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 period. PGGM Investments lifted its holdings in Oracle by 1,064.6% in the second quarter. PGGM Investments now owns 2,258,315 shares of the enterprise software provider’s stock worth $128,656,000 after buying an additional 2,064,403 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Oracle by 132.2% in the second 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 buying an additional 1,996,744 shares during the period. First Trust Advisors LP lifted its holdings in Oracle by 35.5% in the second quarter. First Trust Advisors LP now owns 3,794,527 shares of the enterprise software provider’s stock worth $216,174,000 after buying an additional 993,629 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in Oracle in the first quarter worth about $44,338,000. 53.71% of the stock is currently owned by institutional investors.

Shares of ORCL stock traded up $0.18 during trading hours on Tuesday, hitting $52.31. 383,728 shares of the company’s stock traded hands, compared to its average volume of 10,344,417. The stock’s fifty day simple moving average is $56.02 and its two-hundred day simple moving average is $54.34. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50. The stock has a market cap of $173.90 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.51 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 quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a $0.24 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. Oracle’s payout ratio is currently 30.38%.

In related news, CAO W Corey West sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 85,348 shares in the company, valued at approximately $4,800,825. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the completion of the transaction, the executive vice president now owns 177,919 shares of the company’s stock, valued at $10,127,149.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,352,500 shares of company stock valued at $76,708,925. 32.00% of the stock is owned by company insiders.

ORCL has been the subject of several research analyst reports. ValuEngine lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group raised their price objective on shares of Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Raymond James raised their price objective on shares of Oracle from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Wells Fargo & Co raised their price objective on shares of Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $58.00 price objective on shares of Oracle in a report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have issued a buy rating to the stock. Oracle presently has an average rating of “Hold” and a consensus price target of $55.14.

Oracle Profile

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.

See Also: Bear Market

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.