Fayez Sarofim & Co. reduced its position in Oracle Corporation (NYSE:ORCL) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,103,562 shares of the enterprise software provider’s stock after selling 37,921 shares during the quarter. Fayez Sarofim & Co.’s holdings in Oracle were worth $53,357,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in ORCL. Capital Investment Advisors LLC lifted its position in shares of Oracle by 3.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 81,272 shares of the enterprise software provider’s stock valued at $4,075,000 after acquiring an additional 2,356 shares during the period. Family Legacy Inc. lifted its position in shares of Oracle by 0.4% during the 2nd quarter. Family Legacy Inc. now owns 31,474 shares of the enterprise software provider’s stock valued at $1,578,000 after acquiring an additional 138 shares during the period. Cobiz Wealth LLC lifted its position in shares of Oracle by 38.5% during the 2nd quarter. Cobiz Wealth LLC now owns 147,909 shares of the enterprise software provider’s stock valued at $7,416,000 after acquiring an additional 41,087 shares during the period. Bank of Montreal Can raised its holdings in Oracle by 3.1% during the second quarter. Bank of Montreal Can now owns 3,738,672 shares of the enterprise software provider’s stock worth $187,459,000 after buying an additional 113,071 shares during the last quarter. Finally, Narwhal Capital Management raised its holdings in Oracle by 22.0% during the second quarter. Narwhal Capital Management now owns 14,965 shares of the enterprise software provider’s stock worth $750,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 57.89% of the company’s stock.
Oracle Corporation (NYSE ORCL) opened at $50.58 on Friday. The firm has a market cap of $211,090.00, a PE ratio of 21.71, a P/E/G ratio of 1.92 and a beta of 1.05. 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 1 year low of $39.43 and a 1 year high of $53.14.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. equities analysts forecast that Oracle Corporation will post 2.68 EPS for the current year.
Oracle declared that its Board of Directors has authorized a share repurchase program on Thursday, December 14th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced 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. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Oracle’s dividend payout ratio is presently 32.62%.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the transaction, the executive vice president now owns 136,954 shares in the company, valued at $6,517,640.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Kurian sold 1,700,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the transaction, the insider now owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. Insiders have sold 1,811,250 shares of company stock valued at $90,803,063 in the last quarter. Company insiders own 29.00% of the company’s stock.
Several research analysts have weighed in on the stock. Oppenheimer restated a “hold” rating on shares of Oracle in a report on Friday, December 15th. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Vetr upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective on the stock in a report on Monday, November 13th. Stifel Nicolaus restated a “buy” rating on shares of Oracle in a report on Sunday, October 22nd. Finally, Drexel Hamilton restated a “buy” rating and set a $62.00 price objective on shares of Oracle in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the stock. Oracle currently has an average rating of “Buy” and a consensus target price of $55.27.
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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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