Diversified Trust Co lowered its stake in Oracle Co. (NYSE:ORCL) by 36.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,844 shares of the enterprise software provider’s stock after selling 18,719 shares during the quarter. Diversified Trust Co’s holdings in Oracle were worth $1,553,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Saratoga Research & Investment Management raised its stake in Oracle by 1.6% during the 4th quarter. Saratoga Research & Investment Management now owns 1,700,882 shares of the enterprise software provider’s stock worth $80,418,000 after buying an additional 27,385 shares during the period. State of Alaska Department of Revenue raised its stake in Oracle by 1,597.4% during the 4th quarter. State of Alaska Department of Revenue now owns 263,440 shares of the enterprise software provider’s stock worth $12,453,000 after buying an additional 247,920 shares during the period. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Oracle by 3.8% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 113,010 shares of the enterprise software provider’s stock worth $5,343,000 after buying an additional 4,125 shares during the period. Jolley Asset Management LLC raised its stake in Oracle by 4.2% during the 4th quarter. Jolley Asset Management LLC now owns 66,540 shares of the enterprise software provider’s stock worth $3,146,000 after buying an additional 2,658 shares during the period. Finally, Oakbrook Investments LLC raised its stake in Oracle by 40.5% during the 4th quarter. Oakbrook Investments LLC now owns 154,945 shares of the enterprise software provider’s stock worth $7,326,000 after buying an additional 44,690 shares during the period. 58.03% of the stock is currently owned by institutional investors.
Oracle Co. (ORCL) opened at $52.90 on Tuesday. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $53.44. 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 $219,274.72, a PE ratio of 22.70, a P/E/G ratio of 2.02 and a beta of 1.05.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping 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 business had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the company posted $0.61 earnings per share. Oracle’s quarterly revenue was up 6.2% on a year-over-year basis. analysts forecast that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle announced that its Board of Directors has initiated a stock buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
Several brokerages recently commented on ORCL. Barclays raised their price objective on Oracle from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday. They noted that the move was a valuation call. OTR Global downgraded Oracle to a “positive” rating in a research note on Friday. Cleveland Research cut Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Credit Suisse Group reiterated a “buy” rating and set a $62.00 target price on shares of Oracle in a report on Sunday, February 18th. Finally, Vetr cut Oracle from a “buy” rating to a “hold” rating and set a $51.30 target price for the company. in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $55.76.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the completion of the sale, the executive vice president now directly owns 37,576 shares in the company, valued at $1,953,952. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total transaction of $186,225.00. The disclosure for this sale can be found here. Insiders have sold 1,956,250 shares of company stock valued at $98,316,475 in the last quarter. 29.00% of the stock is currently owned by corporate insiders.
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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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