Asset Management One Co. Ltd. raised its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,888,796 shares of the enterprise software provider’s stock after buying an additional 8,162 shares during the quarter. Asset Management One Co. Ltd. owned about 0.12% of Oracle worth $236,308,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Oracle by 0.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,842,703 shares of the enterprise software provider’s stock valued at $89,095,000 after buying an additional 10,166 shares during the last quarter. Sather Financial Group Inc increased its holdings in shares of Oracle by 1.9% in the 3rd quarter. Sather Financial Group Inc now owns 187,255 shares of the enterprise software provider’s stock worth $9,054,000 after purchasing an additional 3,428 shares in the last quarter. AMP Capital Investors Ltd increased its holdings in shares of Oracle by 6.2% in the 3rd quarter. AMP Capital Investors Ltd now owns 2,450,825 shares of the enterprise software provider’s stock worth $118,495,000 after purchasing an additional 142,647 shares in the last quarter. Headinvest LLC increased its holdings in shares of Oracle by 4.0% in the 3rd quarter. Headinvest LLC now owns 55,220 shares of the enterprise software provider’s stock worth $2,811,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Oracle by 12.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 880,485 shares of the enterprise software provider’s stock worth $42,571,000 after purchasing an additional 97,355 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.
ORCL has been the subject of a number of research analyst reports. Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub raised Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus reissued a “buy” rating on shares of Oracle in a report on Sunday, October 22nd. Vetr lowered Oracle from a “buy” rating to a “hold” rating and set a $51.74 target price for the company. in a report on Tuesday, October 24th. Finally, UBS Group reissued a “neutral” rating and issued a $55.00 target price (down previously from $57.00) on shares of Oracle in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.39.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the sale, the director now directly owns 62,498 shares of the company’s stock, valued at $3,208,647.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at $877,250. The disclosure for this sale can be found here. Insiders have sold 1,952,500 shares of company stock worth $98,130,250 over the last three months. 29.00% of the stock is currently owned by insiders.
Shares of Oracle Co. (ORCL) opened at $48.49 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The company has a market capitalization of $199,321.84, a PE ratio of 20.81, a P/E/G ratio of 1.84 and a beta of 1.08. Oracle Co. has a 52-week low of $40.75 and a 52-week high of $53.14.
Oracle (NYSE:ORCL) last posted 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. The company 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%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. analysts anticipate that Oracle Co. will post 2.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.57%. Oracle’s payout ratio is currently 32.62%.
Oracle declared that its board has approved a share repurchase plan on Thursday, December 14th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board 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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