Mawer Investment Management Ltd. reduced its holdings in Oracle Co. (NYSE:ORCL) by 44.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,134 shares of the enterprise software provider’s stock after selling 261,646 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Oracle were worth $18,694,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Assenagon Asset Management S.A. boosted its stake in shares of Oracle by 1,540.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,380,038 shares of the enterprise software provider’s stock worth $127,832,000 after acquiring an additional 2,234,942 shares in the last quarter. PGGM Investments increased its stake in shares of 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 purchasing an additional 2,064,403 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of 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 purchasing an additional 1,996,744 shares during the period. First Trust Advisors LP increased its stake in shares of 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 purchasing an additional 993,629 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new stake in Oracle during the first quarter worth about $44,338,000. Hedge funds and other institutional investors own 53.71% of the company’s stock.
In other Oracle news, Director Naomi O. Seligman sold 90,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the transaction, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were 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 in the company, valued at $10,127,149.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,352,500 shares of company stock worth $76,708,925. Corporate insiders own 32.00% of the company’s stock.
Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.18. The firm had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. On average, research analysts anticipate 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. Shareholders of record on Wednesday, July 17th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Tuesday, July 16th. Oracle’s payout ratio is 30.38%.
ORCL has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Oracle in a report on Friday, June 14th. Goldman Sachs Group restated a “buy” rating and issued a $58.00 price objective on shares of Oracle in a research report on Thursday, June 20th. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, May 15th. Raymond James upped their target price on shares of Oracle from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, Cowen began coverage on shares of Oracle in a research report on Friday, August 16th. They issued a “buy” rating and a $65.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $55.14.
Oracle Company 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.
Further Reading: Average Daily Trade Volume – What You Need to Know
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