Telemus Capital LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 85.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,383 shares of the enterprise software provider’s stock after buying an additional 14,948 shares during the quarter. Telemus Capital LLC’s holdings in Oracle were worth $1,531,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Cedar Capital LLC raised its position in shares of Oracle by 42.9% in the 4th quarter. Cedar Capital LLC now owns 17,818 shares of the enterprise software provider’s stock worth $842,000 after acquiring an additional 5,352 shares in the last quarter. Palisade Asset Management LLC grew its stake in shares of Oracle by 2.7% in the 4th quarter. Palisade Asset Management LLC now owns 247,119 shares of the enterprise software provider’s stock valued at $11,684,000 after buying an additional 6,610 shares during the period. Family Legacy Inc. grew its stake in shares of Oracle by 47.1% in the 4th quarter. Family Legacy Inc. now owns 29,424 shares of the enterprise software provider’s stock valued at $1,391,000 after buying an additional 9,424 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of Oracle in the 4th quarter valued at about $442,000. Finally, Boston Partners grew its stake in shares of Oracle by 1.9% in the 4th quarter. Boston Partners now owns 24,380,374 shares of the enterprise software provider’s stock valued at $1,152,704,000 after buying an additional 455,403 shares during the period. 57.94% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Dorian Daley sold 125,000 shares of Oracle stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $45.95, for a total transaction of $5,743,750.00. Following the completion of the sale, the executive vice president now owns 161,954 shares in the company, valued at approximately $7,441,786.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $945,943.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,981,250 shares of company stock valued at $99,315,438. 29.00% of the stock is owned by corporate insiders.
Shares of NYSE:ORCL traded down $1.13 on Friday, reaching $44.83. The company’s stock had a trading volume of 13,893,142 shares, compared to its average volume of 17,431,203. Oracle Co. has a 52-week low of $43.60 and a 52-week high of $53.48. The stock has a market capitalization of $188,393.28, a P/E ratio of 18.00, a PEG ratio of 1.68 and a beta of 1.15. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The business had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the company posted $0.69 EPS. The business’s 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 year.
Oracle announced that its board has approved a stock repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.70%. Oracle’s dividend payout ratio is presently 30.52%.
A number of research firms have issued reports on ORCL. Zacks Investment Research downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Thursday. William Blair reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, March 20th. Cleveland Research reaffirmed a “hold” rating on shares of Oracle in a report on Saturday, March 17th. Wedbush reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Oracle in a report on Tuesday, March 20th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $53.00 target price (down previously from $55.00) on shares of Oracle in a report on Tuesday, March 20th. Sixteen investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.11.
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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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