BlackRock Inc. Has $9.88 Billion Stock Holdings in Oracle Co. (NYSE:ORCL) – TechNewsObserver
LSV Asset Management now owns 8,335,383 shares of the enterprise software provider’s stock worth $474,866,000 after purchasing an additional 2,286,600 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in 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 purchasing an additional 2,234,942 shares during the last quarter. The company has a 50-day simple moving average of $53.39 and a 200 day simple moving average of $54.49. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, September 11th. The business had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. Research analysts expect that Oracle Co. will post 3.47 earnings per share for the current fiscal year. Oracle declared that its board has authorized a stock repurchase program on Wednesday, September 11th that authorizes the company to repurchase $15.00 billion in shares.