SG Americas Securities LLC trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL) by 58.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 462,686 shares of the enterprise software provider’s stock after selling 655,366 shares during the period. SG Americas Securities LLC’s holdings in Oracle were worth $22,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Acrospire Investment Management LLC boosted its holdings in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors boosted its holdings in shares of Oracle by 4.3% in the 2nd 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. State of Alaska Department of Revenue bought a new stake in shares of Oracle in the 2nd quarter valued at about $129,000. ETF Managers Group LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in shares of Oracle by 17.4% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock valued at $135,000 after buying an additional 400 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.
Oracle Corporation (ORCL) opened at $50.23 on Friday. Oracle Corporation has a 1 year low of $39.10 and a 1 year high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The stock has a market cap of $209,630.00, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm posted $0.61 EPS. Oracle’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Tuesday, January 9th. Oracle’s dividend payout ratio is presently 32.62%.
Oracle declared that its board has authorized a stock repurchase plan on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of research firms have recently weighed in on ORCL. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target on the stock. in a report on Wednesday. Drexel Hamilton restated a “buy” rating and issued a $62.00 price target on shares of Oracle in a report on Monday, October 2nd. BMO Capital Markets lowered their price target on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, December 15th. Morgan Stanley upgraded shares of Oracle from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $46.63 to $47.71 in a report on Wednesday, January 3rd. Finally, Canaccord Genuity began coverage on shares of Oracle in a report on Friday, October 6th. They issued a “buy” rating and a $57.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $55.27.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $49.72, for a total transaction of $186,450.00. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $901,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold a total of 111,250 shares of company stock valued at $5,310,063 over the last three months. 29.00% of the stock is currently owned by insiders.
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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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