Macquarie Group Ltd. Has $685.19 Million Position in Oracle Co. (ORCL)
Macquarie Group Ltd. increased its position in shares of Oracle Co. (NYSE:ORCL) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,551,321 shares of the enterprise software provider’s stock after purchasing an additional 661,718 shares during the quarter. Oracle makes up about 1.2% of Macquarie Group Ltd.’s holdings, making the stock its 23rd biggest position. Macquarie Group Ltd.’s holdings in Oracle were worth $685,187,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Rainier Group Investment Advisory LLC bought a new stake in Oracle in the first quarter worth about $106,000. Kohmann Bosshard Financial Services LLC bought a new stake in Oracle in the second quarter worth about $126,000. Financial Gravity Wealth Inc. bought a new stake in Oracle in the first quarter worth about $130,000. Clearwater Capital Advisors LLC bought a new stake in Oracle in the first quarter worth about $134,000. Finally, Omnia Family Wealth LLC raised its position in Oracle by 439.6% in the first quarter. Omnia Family Wealth LLC now owns 3,076 shares of the enterprise software provider’s stock worth $141,000 after acquiring an additional 2,506 shares during the period. Institutional investors and hedge funds own 53.41% of the company’s stock.
NYSE ORCL opened at $49.18 on Tuesday. The company has a market capitalization of $203.88 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Oracle Co. has a 12-month low of $42.57 and a 12-month high of $53.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.96 and a current ratio of 3.96.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.55%. Oracle’s dividend payout ratio is currently 26.95%.
In related news, EVP W Corey West sold 48,000 shares of the business’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $43.73, for a total transaction of $2,099,040.00. Following the completion of the transaction, the executive vice president now owns 907 shares of the company’s stock, valued at $39,663.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,345,029.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 546,750 shares of company stock valued at $24,546,728. 29.00% of the stock is owned by corporate insiders.
Several analysts have commented on the stock. JPMorgan Chase & Co. set a $53.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a research report on Tuesday. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Goldman Sachs Group set a $55.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Royal Bank of Canada lowered their price objective on shares of Oracle from $55.00 to $52.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 20th. Fifteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $54.73.
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: How to Invest in an Index Fund
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (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.