Prentiss Smith & Co. Inc. grew its position in shares of Oracle Corporation (NYSE:ORCL) by 117.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,454 shares of the enterprise software provider’s stock after acquiring an additional 84,608 shares during the quarter. Oracle comprises 4.6% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 11th biggest position. Prentiss Smith & Co. Inc.’s holdings in Oracle were worth $7,565,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the last quarter. Burt Wealth Advisors grew its stake in shares of Oracle by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Oracle by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after buying an additional 947 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Oracle in the second quarter valued at about $129,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Oracle in the second quarter valued at about $133,000. Institutional investors own 57.89% of the company’s stock.
A number of equities research analysts have recently issued reports on ORCL shares. UBS Group set a $55.00 target price on Oracle and gave the company a “neutral” rating in a research note on Friday, December 15th. Vetr upgraded Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price for the company in a research note on Thursday, November 2nd. BidaskClub upgraded Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Oppenheimer reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Finally, Barclays increased their target price on Oracle from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the company’s stock. Oracle has an average rating of “Buy” and an average price target of $55.28.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,250 shares of company stock worth $5,306,238. 29.00% of the stock is currently owned by company insiders.
Oracle Corporation (NYSE:ORCL) traded up $0.56 during trading hours on Friday, reaching $49.51. The company’s stock had a trading volume of 15,977,966 shares, compared to its average volume of 18,060,000. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Corporation has a 52 week low of $38.59 and a 52 week high of $53.14. The company has a market cap of $206,630.00, a P/E ratio of 21.25, a PEG ratio of 1.87 and a beta of 1.05.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the business posted $0.61 EPS. Oracle’s quarterly revenue was up 6.2% compared to the same quarter last year. analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio is presently 32.62%.
Oracle announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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