Fayez Sarofim & Co. decreased its position in Oracle Co. (NYSE:ORCL) by 3.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,103,562 shares of the enterprise software provider’s stock after selling 37,921 shares during the period. Fayez Sarofim & Co.’s holdings in Oracle were worth $53,357,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC raised 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 worth $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors raised 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 worth $107,000 after purchasing an additional 88 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Oracle in the 2nd quarter worth about $129,000. Finally, ETF Managers Group LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $133,000. Institutional investors and hedge funds own 57.77% of the company’s stock.
In other news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated 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 transaction, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the transaction, the insider now owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders sold 1,956,250 shares of company stock valued at $98,313,363 in the last ninety days. Insiders own 29.00% of the company’s stock.
Shares of Oracle Co. (NYSE ORCL) traded up $0.42 during mid-day trading on Monday, hitting $48.15. The stock had a trading volume of 16,250,342 shares, compared to its average volume of 16,690,000. Oracle Co. has a twelve month low of $40.21 and a twelve month high of $53.14. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $200,950.00, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. Oracle’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. analysts anticipate that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle declared that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were given a $0.19 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. Oracle’s dividend payout ratio is currently 32.62%.
A number of research firms have recently issued reports on ORCL. Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Vetr raised Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 target price on the stock in a report on Monday, November 13th. Instinet assumed coverage on Oracle in a report on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle in a report on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $55.39.
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Oracle Company Profile
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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