Glenmede Trust Co. NA continued to hold its stake in shares of Oracle Corporation (NYSE:ORCL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,846,622 shares of the enterprise software provider’s stock at the close of the 1st quarter. Oracle Corporation comprises 0.8% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 10th largest holding. Glenmede Trust Co. NA owned about 0.09% of Oracle Corporation worth $147,901,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Boston Partners raised its stake in shares of Oracle Corporation by 20.1% in the first quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock valued at $813,427,000 after acquiring an additional 3,054,765 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of Oracle Corporation in the first quarter valued at $1,522,000. Lockheed Martin Investment Management Co. raised its stake in shares of Oracle Corporation by 21.4% in the first quarter. Lockheed Martin Investment Management Co. now owns 73,660 shares of the enterprise software provider’s stock valued at $3,286,000 after acquiring an additional 13,000 shares during the period. Quotient Investors LLC raised its stake in shares of Oracle Corporation by 263.2% in the first quarter. Quotient Investors LLC now owns 41,811 shares of the enterprise software provider’s stock valued at $1,865,000 after acquiring an additional 30,300 shares during the period. Finally, Gateway Investment Advisers LLC raised its stake in shares of Oracle Corporation by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 1,867,556 shares of the enterprise software provider’s stock valued at $83,312,000 after acquiring an additional 17,458 shares during the period. 58.67% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation (NYSE ORCL) traded up 1.57% during midday trading on Monday, reaching $52.39. 6,234,487 shares of the company were exchanged. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $52.50. The company has a market capitalization of $216.72 billion, a price-to-earnings ratio of 23.71 and a beta of 1.05. The company has a 50 day moving average of $49.78 and a 200-day moving average of $46.71.
Oracle Corporation (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. The business had revenue of $10.94 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post $2.95 earnings per share for the current fiscal year.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $48.86, for a total transaction of $183,225.00. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at $885,587.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Kurian sold 750,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $50.46, for a total value of $37,845,000.00. Following the sale, the insider now directly owns 783,533 shares in the company, valued at approximately $39,537,075.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,817,500 shares of company stock worth $91,560,925. Corporate insiders own 29.00% of the company’s stock.
Several equities research analysts have recently weighed in on ORCL shares. Zacks Investment Research raised shares of Oracle Corporation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, May 16th. Vetr downgraded shares of Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a research note on Sunday, September 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 target price on shares of Oracle Corporation in a research note on Sunday, August 27th. Finally, ValuEngine raised shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $51.47.
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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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