Vontobel Asset Management Inc. acquired a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 443,281 shares of the enterprise software provider’s stock, valued at approximately $20,960,000.
Other hedge funds also recently made changes to their positions in the company. Keel Point LLC raised its holdings in shares of Oracle by 0.3% during the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after acquiring an additional 14 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Oracle by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 35 shares during the period. Hudock Capital Group LLC grew its stake in Oracle by 1.6% in the second quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock worth $203,000 after purchasing an additional 65 shares during the period. Highland Private Wealth Management grew its stake in Oracle by 0.7% in the second quarter. Highland Private Wealth Management now owns 9,660 shares of the enterprise software provider’s stock worth $485,000 after purchasing an additional 70 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in Oracle by 0.4% in the second quarter. Calamos Wealth Management LLC now owns 19,893 shares of the enterprise software provider’s stock worth $997,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 58.36% of the company’s stock.
Shares of Oracle Co. (ORCL) opened at $49.89 on Wednesday. Oracle Co. has a 12-month low of $41.93 and a 12-month high of $53.14. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $206,520.00, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.93 and a beta of 1.08.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. Oracle’s revenue was up 6.2% on a year-over-year basis. research analysts predict that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle declared that its board has approved a stock repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio is 32.62%.
In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total value of $5,200,000.00. Following the transaction, the executive vice president now owns 37,576 shares of the company’s stock, valued at $1,953,952. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the transaction, the insider now directly owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. In the last three months, insiders sold 1,956,250 shares of company stock worth $98,316,475. 29.00% of the stock is owned by corporate insiders.
Several equities research analysts recently weighed in on the company. Instinet assumed coverage on Oracle in a research note on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price target on the stock. ValuEngine raised Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr raised Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target on the stock in a research note on Thursday, November 2nd. Nomura assumed coverage on Oracle in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 price target on the stock. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $62.00 price target on shares of Oracle in a research note on Sunday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has a consensus 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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