Strategic Advisors LLC reduced its position in Oracle Co. (NYSE:ORCL) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,482 shares of the enterprise software provider’s stock after selling 1,801 shares during the period. Strategic Advisors LLC’s holdings in Oracle were worth $448,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Acrospire Investment Management LLC raised its stake in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors raised its stake in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after buying an additional 2,436 shares during the last quarter. ETF Managers Group LLC purchased a new stake in Oracle during the 2nd quarter valued at $133,000. Finally, Monroe Bank & Trust MI raised its stake in Oracle by 30.5% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock valued at $144,000 after buying an additional 675 shares during the last quarter. Institutional investors and hedge funds own 58.36% of the company’s stock.
A number of brokerages have weighed in on ORCL. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 target price for the company. in a research note on Thursday, February 15th. Credit Suisse Group reiterated a “buy” rating and set a $62.00 target price on shares of Oracle in a research note on Sunday. 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 raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets cut their price objective on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company. Oracle presently has an average rating of “Buy” and an average target price of $55.38.
In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the transaction, the insider now directly owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders sold a total of 1,956,250 shares of company stock worth $98,316,475 over the last three months. 29.00% of the stock is currently owned by corporate insiders.
Shares of Oracle Co. (NYSE:ORCL) opened at $50.71 on Tuesday. 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 1 year low of $41.50 and a 1 year high of $53.14. The firm has a market cap of $209,919.22, a PE ratio of 21.76, a P/E/G ratio of 1.93 and a beta of 1.08.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts predict that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 32.62%.
Oracle declared that its Board of Directors has approved a share buyback program 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 repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
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Oracle Company Profile
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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