Rockefeller Financial Services Inc. cut its stake in Oracle Co. (NYSE:ORCL) by 72.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 882,625 shares of the enterprise software provider’s stock after selling 2,268,278 shares during the quarter. Rockefeller Financial Services Inc.’s holdings in Oracle were worth $41,731,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. Vanguard Group Inc. grew its position in shares of Oracle by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after buying an additional 5,270,359 shares during the period. BlackRock Inc. grew its position in shares of Oracle by 2.5% in the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after buying an additional 4,678,977 shares during the period. Harris Associates L P grew its position in shares of Oracle by 17.9% in the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares during the period. Northern Trust Corp grew its position in shares of Oracle by 4.6% in the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after buying an additional 1,835,835 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Oracle by 5.8% in the 2nd quarter. Franklin Resources Inc. now owns 40,206,990 shares of the enterprise software provider’s stock worth $2,015,961,000 after buying an additional 2,193,120 shares during the period. Institutional investors and hedge funds own 57.94% of the company’s stock.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the firm’s 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 sale, the director now owns 62,498 shares in the company, valued at approximately $3,208,647.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total transaction of $186,450.00. Following the sale, the director now owns 18,125 shares in the company, valued at approximately $901,175. The disclosure for this sale can be found here. Insiders sold a total of 1,981,250 shares of company stock worth $99,315,438 in the last quarter. Company insiders own 29.00% of the company’s stock.
ORCL has been the topic of a number of recent research reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $62.00 target price on shares of Oracle in a research report on Sunday, February 18th. Royal Bank of Canada set a $53.00 target price on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Drexel Hamilton reissued a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Tuesday, December 12th. Cleveland Research downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Finally, Goldman Sachs set a $58.00 price objective on shares of Oracle and gave the company a “buy” rating in a research report on Friday, December 15th. Sixteen research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Oracle has a consensus rating of “Buy” and an average price target of $56.11.
Shares of NYSE:ORCL traded down $1.13 during trading on Friday, hitting $44.83. The company’s stock had a trading volume of 13,893,643 shares, compared to its average volume of 20,160,868. Oracle Co. has a 12 month low of $43.60 and a 12 month high of $53.48. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $190,256.11, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. analysts expect that Oracle Co. will post 2.76 earnings per share for the current fiscal year.
Oracle announced that its board has approved a share repurchase program 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. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, April 16th. Oracle’s dividend payout ratio (DPR) is presently 30.52%.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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