National Asset Management Inc. decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 35.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,540 shares of the enterprise software provider’s stock after selling 6,290 shares during the period. National Asset Management Inc.’s holdings in Oracle Corporation were worth $515,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Boston Partners grew its stake in shares of Oracle Corporation by 20.1% during the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after acquiring an additional 3,054,765 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Oracle Corporation during the first quarter worth about $1,522,000. Quotient Investors LLC grew its stake in shares of Oracle Corporation by 263.2% during the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock worth $1,865,000 after acquiring an additional 30,300 shares during the last quarter. Lockheed Martin Investment Management Co. grew its stake in shares of Oracle Corporation by 21.4% during the first quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock worth $3,286,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of Oracle Corporation by 0.9% during the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock worth $83,312,000 after acquiring an additional 17,458 shares during the last quarter. Institutional investors and hedge funds own 58.67% of the company’s stock.
Oracle Corporation (NYSE:ORCL) traded down 0.29% during trading on Friday, hitting $51.58. The stock had a trading volume of 10,356,483 shares. Oracle Corporation has a one year low of $37.62 and a one year high of $51.88. The firm has a market cap of $213.37 billion, a price-to-earnings ratio of 23.34 and a beta of 1.05. The stock’s 50-day moving average is $49.81 and its 200 day moving average is $46.65.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Equities analysts anticipate that Oracle Corporation will post $2.95 earnings per share for the current year.
ORCL has been the topic of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $54.00 price target on shares of Oracle Corporation in a research note on Tuesday, June 13th. Moffett Nathanson initiated coverage on Oracle Corporation in a research note on Wednesday. They set a “buy” rating and a $65.00 price target on the stock. Goldman Sachs Group, Inc. (The) set a $49.00 price target on Oracle Corporation and gave the stock a “buy” rating in a research note on Monday, June 12th. Canaccord Genuity lowered Oracle Corporation to a “buy” rating and boosted their price target for the stock from $49.00 to $56.00 in a research note on Thursday, June 22nd. Finally, UBS AG restated a “buy” rating and set a $52.00 price target (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.47.
In other Oracle Corporation news, insider Thomas Kurian sold 750,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $50.46, for a total transaction of $37,845,000.00. Following the completion of the sale, the insider now owns 783,533 shares of the company’s stock, valued at $39,537,075.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $44.57, for a total value of $167,137.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $807,831.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,817,500 shares of company stock valued at $91,560,925. Company insiders own 29.00% of the company’s stock.
Oracle Corporation 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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