Trellis Advisors LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 6,111 shares of the enterprise software provider’s stock, valued at approximately $289,000. Oracle accounts for 0.3% of Trellis Advisors LLC’s investment portfolio, making the stock its 28th largest holding.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keel Point LLC increased its holdings in Oracle by 0.3% in the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after acquiring an additional 14 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Oracle by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after acquiring an additional 35 shares during the last quarter. Partnervest Advisory Services LLC increased its holdings in Oracle by 0.6% in the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock worth $337,000 after acquiring an additional 39 shares during the last quarter. Hudock Capital Group LLC increased its holdings in Oracle by 1.6% in the 2nd quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock worth $203,000 after acquiring an additional 65 shares during the last quarter. Finally, Highland Private Wealth Management increased its holdings in Oracle by 0.7% in the 2nd quarter. Highland Private Wealth Management now owns 9,660 shares of the enterprise software provider’s stock worth $485,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 58.36% of the company’s stock.
Shares of Oracle Co. (NYSE:ORCL) opened at $50.71 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. Oracle Co. has a 12-month low of $41.50 and a 12-month high of $53.14. The firm has a market capitalization of $209,919.22, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.93 and a beta of 1.08.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. equities research analysts forecast that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle declared that its board has initiated a stock buyback 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 repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are 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 was Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.50%. Oracle’s payout ratio is currently 32.62%.
In other 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 transaction, the director now directly owns 62,498 shares of the company’s stock, valued at $3,208,647.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.40, for a total value of $181,500.00. Following the transaction, 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 sold 1,956,250 shares of company stock valued at $98,316,475 in the last quarter. Corporate insiders own 29.00% of the company’s stock.
Several equities research analysts recently weighed in on ORCL shares. Vetr lowered Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective for the company. in a report on Monday, November 20th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, November 15th. BidaskClub lowered Oracle from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle in a report on Sunday, October 22nd. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 target price on shares of Oracle in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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