Oracle Corporation (NYSE:ORCL).
Cornerstone Investment Partners, LLC reports that it decreased its stake in Oracle Corporation stock by 9.7% in a 13F filing with the SEC. Its investment was valued at $98,657,000 an increase of $1,505,000 according to the filing.
Here are some other firms who have updated their holdings. Gateway Investment Advisers LLC reduced its ownership by shedding 13,989 shares a decrease of 0.7% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC now controls 1,853,567 shares worth $92,938,000. The value of the position overall is up by 11.6%. As of the end of the quarter Pennsylvania Trust Co had acquired 73,990 shares growing its position 66.0%. The value in dollars went from $5,002,000 to $9,336,000 a change of $4,334,000 quarter over quarter.
As of quarter end Hays Advisory LLC had sold a total of 15,743 shares trimming its stake by 11.0%. The value of the total investment in Oracle Corporation increased from $6,392,000 to $6,395,000 a change of 0.0% quarter to quarter.
On July 5 the company was changed to a “Overweight” according to a KeyBanc report a boost from the previous “” rating. On June 23 the stock rating was upgraded to “Outperform” from “” in a statement from Argus.
On June 22 the company was upgraded from “Neutral” to “Outperform” in a report issued by Wedbush. September 16 investment analysts at Macquarie held the company rating at “Outperform” but raised the price target from $46.00 to $49.00.
On September 16 RBC Capital made no change to the stock rating of “Outperform” and lowered the price expectation to $42.00 from $50.00. September 16 investment analysts at Nomura held the stock rating at “Outperform” but moved down the price target from $44.00 to $42.00.
The company is trading up by 0.88 percent from yesterday’s close. The company also recently announced a dividend that will be paid on Wednesday August 2nd, 2017. The dividend payment will be $0.190 per share for the quarter which comes to $0.76 on an annualized basis. This dividend represents a yield of $1.54. The ex-dividend date is set for Monday the 10th of April 2017.
It is currently trading at $50.32 which is slightly above the 50 day moving average of $46.11 and just above the 200 day moving average of $43.14. The 50 day moving average was up by +8.17% and the 200 day average went up $6.74 or +15.61%.
The P/E ratio is 22.57 and the market cap is 206.34B. As of the latest earnings report the EPS was $2.21 and is projected to be $2.96 for the current year with 4,136,682,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.69 with next year’s EPS projected to be $3.19.