Stillwater Investment Management LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,299 shares of the enterprise software provider’s stock after selling 1,698 shares during the period. Stillwater Investment Management LLC’s holdings in Oracle were worth $865,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ORCL. Beach Investment Management LLC. bought a new position in shares of Oracle in the 2nd quarter worth about $336,000. Advisor Partners LLC increased its stake in shares of Oracle by 13.3% in the 2nd quarter. Advisor Partners LLC now owns 60,509 shares of the enterprise software provider’s stock worth $3,034,000 after acquiring an additional 7,081 shares in the last quarter. Baxter Bros Inc. increased its stake in shares of Oracle by 2.2% in the 2nd quarter. Baxter Bros Inc. now owns 4,635 shares of the enterprise software provider’s stock worth $232,000 after acquiring an additional 101 shares in the last quarter. BP PLC increased its stake in shares of Oracle by 19.2% in the 2nd quarter. BP PLC now owns 435,000 shares of the enterprise software provider’s stock worth $21,811,000 after acquiring an additional 70,000 shares in the last quarter. Finally, HL Financial Services LLC increased its stake in shares of Oracle by 14.4% in the 2nd quarter. HL Financial Services LLC now owns 32,974 shares of the enterprise software provider’s stock worth $1,653,000 after acquiring an additional 4,155 shares in the last quarter. 57.77% of the stock is owned by hedge funds and other institutional investors.
Oracle Co. (ORCL) opened at $50.64 on Friday. 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 cap of $209,630.00, a P/E ratio of 21.73, a P/E/G ratio of 1.85 and a beta of 1.08. Oracle Co. has a 1-year low of $41.37 and a 1-year high of $53.14.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (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 net margin of 25.48% and a return on equity of 20.49%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. analysts expect that Oracle Co. will post 2.68 EPS for the current year.
Oracle declared that its Board of Directors has authorized 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 reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s payout ratio is 32.62%.
In other Oracle news, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction that occurred on Thursday, January 18th. The shares were 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 $76,590,815.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the transaction, the director now directly owns 62,498 shares in the company, valued at approximately $3,208,647.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,952,500 shares of company stock worth $98,130,250. 29.00% of the stock is currently owned by insiders.
A number of research firms have weighed in on ORCL. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 price objective for the company. in a research note on Thursday. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Instinet began coverage on shares of Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective for the company. BMO Capital Markets reduced their price objective on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, December 15th. Finally, Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. Oracle currently has an average rating of “Buy” and a consensus price target of $55.38.
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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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