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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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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