Oracle Co. (ORCL) Holdings Lifted by Saturna Capital CORP

Saturna Capital CORP raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 676,602 shares of the enterprise software provider’s stock after buying an additional 7,450 shares during the period. Saturna Capital CORP’s holdings in Oracle were worth $32,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acrospire Investment Management LLC raised its stake in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors increased its stake in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares in the last quarter. ETF Managers Group LLC bought a new position in shares of Oracle during the second quarter valued at approximately $133,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Oracle by 17.4% during the second 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 purchasing an additional 400 shares in the last quarter. Finally, Monroe Bank & Trust MI increased its stake in shares of Oracle by 30.5% during the second quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock valued at $144,000 after purchasing an additional 675 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

Oracle Co. (NYSE:ORCL) traded up $0.24 during mid-day trading on Wednesday, hitting $48.73. 4,045,162 shares of the company were exchanged, compared to its average volume of 16,540,070. The stock has a market cap of $201,720.00, a PE ratio of 20.91, a PEG ratio of 1.84 and a beta of 1.08. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle Co. has a 52-week low of $40.89 and a 52-week high of $53.14.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. equities research analysts predict that Oracle Co. will post 2.68 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed 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 of this dividend was Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.56%. Oracle’s dividend payout ratio (DPR) is 32.62%.

In other news, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $877,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,952,500 shares of company stock valued at $98,130,250. 29.00% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the stock. Instinet started coverage on shares of Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price for the company. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr upgraded shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price on the stock in a report on Thursday, November 2nd. Nomura initiated coverage on shares of Oracle in a report on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and an average price target of $55.39.

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About Oracle

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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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