The most recent Form 13F that Parametrica Management Ltd. has filed with the Securities and Exchange Commission reveals that the company made a new investment in Oracle Company (NYSE: ORCL) during the third quarter. This information was provided in the most recent quarterly report that the company released. The corporation spent approximately 248,000 dollars to acquire 4,056 shares of the enterprise software provider’s stock, which brought the total cost of the transaction to approximately 248,000 dollars.
Recent events have resulted in institutional investors and other hedge funds reevaluating the positions they had previously held in the company and making appropriate adjustments. Great West Life Assurance Company of Canada started a new investment in Oracle during the third quarter of the fiscal year. This investment is anticipated to be worth approximately $236,318,000. Location and the Transportation Hub DU During the second quarter, Caisse Quebec increased the number of Oracle shares it owned by 102.7 percent. Caisse Depot During the most recent quarter, DEET Positioning DU Quebec increased its investment in the enterprise software provider’s stock by purchasing an additional 1,866,463 shares. This brought the total number of shares acquired to 3,684,705, valued at $257,450,000. Primecap Management Co., Inc. raised the amount of Oracle stock owned by 16.4% during the second quarter of the fiscal year. Primecap Management Co., CA, is now the owner of 12,019,801 shares of the business software provider’s stock after purchasing an additional 1,693,271 shares during the most recent quarter. The stock is currently valued at $839,823,000. Primecap Management Co., CA, has owned all of these shares since the beginning of the most recent quarter. The value of Renaissance Technologies LLC’s holdings increased by approximately $97,485,000 during the second quarter due to the addition of new Oracle shares. Los Angeles Capital Management LLC, not to be outdone, increased the proportion of its holdings in Oracle by 168.9 percent during the third quarter to compete with other investors. After purchasing an additional 1,336,512 shares of the business software provider’s stock during the preceding quarter, Los Angeles Capital Management LLC now has a total of 2,127,969 shares of the company’s stock, which are currently valued at $129,955,000. These shares were acquired during the most recent quarter. Most of the company’s stock, or 40.96 percent, is owned by financial institutions as investors.
Recent press releases have included commentary from a variety of research analysts in which they express their views on the stock. In a research report published on January 5, Jefferies Financial Group upgraded Oracle from a “hold” rating to a “buy” recommendation and increased their price objective for the company from $90.00 to $105.00. The report also raised the price target for Oracle from $90.00 to $105.00. In a research report released on November 14, JPMorgan Chase & Co. stated that they anticipate Oracle share prices to reach $85.00 within the next twelve months. According to a research report that Barclays distributed on December 13, Oracle share prices are anticipated to reach $81 per share by the end of the year. In a research study made public on December 12 by KeyCorp, the company stated that they had increased their target price for Oracle stock from $80.00 to $94.00. This increase resulted from the company’s decision to increase its target price for Apple stock from $70.00 to $80.00. In addition to that, they assigned an “overweight” rating to the stock. In a report about Oracle on January 11, StockNews.com shifted its recommendation for the company’s stock from “hold” to “buy.” The report was about the performance of the company. One of the analysts recommended selling the stock made, while nine others have given it a rating of “hold,” and fourteen others have given it a rating of “buy.” According to Bloomberg.com, the company is currently rated as a consensus “Moderate Buy,” and the current price goal for the company, according to the consensus, is $92.38.
Michael J. Boskin, the director of the company, sold 90,000 shares of the company’s stock on November 15. Tuesday was the day that the transaction took place. The sale of the shares resulted in a total revenue of $7,207,200.00, which comes from an average price of $80.08 per share. After the completion of the transaction, the director now owns 82,607 shares of the company. Based on the current stock price, these shares are estimated to be worth approximately $6,615,168.56. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. Jeffrey Henley, the company’s vice chairman, sold 400,000 shares of the company’s stock on Wednesday, December 14. This was covered in a report that was published on its own. The shares were sold for a total price of $32,800,000. This works out to an average price of $82.00 per share, which was the price at which they were purchased. The company insider currently owns 1,792,688 shares of the company’s stock, which are worth $147,000,416 in total. The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. Michael J. Boskin, also a director of the company, sold 90,000 shares of the company’s stock on Tuesday, November 15, 2018. The sale of the shares resulted in a total revenue of $7,207,200.00, which comes from an average price of $80.08 per share. Because of the transaction, the director now directly owns 82,607 shares of the company, and the total value of those shares is $6,615,168.56. Disclosures that are related to the sale might be found in this section of the website. Insiders have sold 690,000 shares of company stock for $54,987,200 over the most recent three months. There are a total of 43.70 percent of the company’s shares that the company’s insiders hold.
Wednesday was a day of losses for ORCL, which led to the company’s stock price finishing at $87.99 at the end of the trading session. There was a total trade volume of 143,953 shares, which is significantly lower than the daily average volume of 7,237,624 shares the company experiences. All of the stock’s metrics, including its price-to-earnings ratio of 27.77, its price-to-earnings-growth ratio of 2.86, and its beta ratio of 1.02, contribute to its current market capitalization of $237.24 billion. The moving average of the company’s stock price over the past 50 days is $81.94, and the moving average over the last 200 days is $75.69. The all-time high and low for Oracle Company’s stock price over the past year is $89.47.
The most recent earnings report for Oracle, traded on the New York Stock Exchange under the ticker symbol ORCL, was released on December 12. The provider of enterprise software reported a quarterly earnings figure of $1.21 per share, which was $0.04 more than the consensus estimate of $1.17 per share. The revenue for the quarter came in significantly higher than the average projection of $12.01 billion, coming in at $12.28 billion instead. In contrast to the company’s negative return on equity of 174.60%, Oracle’s net margin was 19.09%. Oracle’s revenue increased by 18.5% when measured against the company’s performance during the same quarter in the previous year. The corporation generated $1.21 per share during the previous year. Oracle Company anticipates that the current fiscal year will result in earnings of 3.9 cents per share for the company’s shareholders.
In addition, the business disclosed that it would be paying a quarterly dividend on January 24 as part of the news it released. This payment will be processed accordingly. On January 10, registered shareholders will be eligible to receive a dividend payment of $0.32 per share. This payment will be made available to shareholders. On January 9 of this year, a decision will be made regarding the distribution of this dividend. This translates into a dividend payment of $1.28 and a yield of 1.45 percent when calculated annually. Oracle has a dividend payout percentage that is currently sitting at 40.13 percent.