Next Capital Management LLC Invests $36,000 in Oracle Co. (NYSE:ORCL)

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Next Capital Management LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 625 shares of the enterprise software provider’s stock, valued at approximately $36,000.

Several other large investors also recently bought and sold shares of ORCL. Norges Bank acquired a new stake in shares of Oracle during the fourth quarter worth $1,235,719,000. Assenagon Asset Management S.A. lifted its stake in shares of Oracle by 1,540.3% during the first quarter. Assenagon Asset Management S.A. now owns 2,380,038 shares of the enterprise software provider’s stock worth $127,832,000 after buying an additional 2,234,942 shares during the period. PGGM Investments lifted its stake in shares of Oracle by 1,064.6% during the second quarter. PGGM Investments now owns 2,258,315 shares of the enterprise software provider’s stock worth $128,656,000 after buying an additional 2,064,403 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Oracle by 132.2% during 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 buying an additional 1,996,744 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Oracle by 35.5% during 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 buying an additional 993,629 shares during the period. Institutional investors and hedge funds own 54.23% of the company’s stock.

A number of research firms recently issued reports on ORCL. ValuEngine downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. UBS Group restated a “neutral” rating and set a $54.00 target price on shares of Oracle in a research report on Friday, June 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 target price on shares of Oracle in a research report on Tuesday, June 18th. William Blair restated a “market perform” rating on shares of Oracle in a research report on Thursday, June 20th. Finally, Morgan Stanley boosted their target price on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $54.76.

ORCL traded up $1.00 on Friday, reaching $53.59. The stock had a trading volume of 9,836,000 shares, compared to its average volume of 10,554,823. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average price is $57.09 and its two-hundred day moving average price is $54.29. The company has a market cap of $174.53 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The company had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 3.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. Oracle’s payout ratio is 30.38%.

In other Oracle news, Director Michael J. Boskin sold 150,000 shares of Oracle stock in a transaction on Monday, June 24th. The shares were sold at an average price of $56.65, for a total value of $8,497,500.00. Following the completion of the transaction, the director now owns 134,796 shares of the company’s stock, valued at $7,636,193.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on 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 directly owns 177,919 shares of the company’s stock, valued at approximately $10,127,149.48. The disclosure for this sale can be found here. Insiders sold 1,352,500 shares of company stock valued at $76,708,925 in the last ninety days. 32.00% of the stock is owned by corporate insiders.

About Oracle

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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