Oracle Corporation (ORCL) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. decreased its stake in Oracle Corporation (NYSE:ORCL) by 37.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,397,892 shares of the enterprise software provider’s stock after selling 3,240,073 shares during the period. TD Asset Management Inc. owned approximately 0.13% of Oracle Corporation worth $270,651,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in Oracle Corporation by 6,353.4% during the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after buying an additional 18,351,920 shares in the last quarter. Boston Partners boosted its stake in 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 buying an additional 3,054,765 shares in the last quarter. Swiss National Bank boosted its stake in Oracle Corporation by 26.2% during the first quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after buying an additional 2,309,400 shares in the last quarter. Marathon Asset Management LLP boosted its stake in Oracle Corporation by 70.7% during the second quarter. Marathon Asset Management LLP now owns 4,398,780 shares of the enterprise software provider’s stock worth $220,555,000 after buying an additional 1,821,601 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Oracle Corporation by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after buying an additional 1,521,879 shares in the last quarter. Institutional investors and hedge funds own 57.83% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Jefferies Group LLC lifted their price target on shares of Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Oracle Corporation in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 target price on the stock. KeyCorp restated a “buy” rating and issued a $61.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group restated a “buy” rating and issued a $63.00 target price on shares of Oracle Corporation in a research note on Friday, September 15th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $53.37.
Shares of Oracle Corporation (NYSE ORCL) opened at 49.19 on Wednesday. The company has a market capitalization of $205.27 billion, a P/E ratio of 21.40 and a beta of 1.05. The firm has a 50-day moving average price of $49.43 and a 200-day moving average price of $47.69. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14.
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, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. Oracle Corporation’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. Equities analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.
In other news, EVP Dorian Daley sold 23,297 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $49.00, for a total value of $1,141,553.00. Following the completion of the transaction, the executive vice president now owns 54,274 shares of the company’s stock, valued at approximately $2,659,426. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $48.70, for a total value of $182,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock valued at $14,822,112 in the last ninety days. 29.00% of the stock is currently owned by corporate insiders.
About Oracle Corporation
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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