Kidder Stephen W lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,925 shares of the enterprise software provider’s stock after selling 8,170 shares during the quarter. Kidder Stephen W’s holdings in Oracle were worth $3,497,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its holdings in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares in the last quarter. Tarbox Family Office Inc. increased its holdings in Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Oracle by 81,200.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Oracle in the 4th quarter worth approximately $126,000. Finally, ETF Managers Group LLC purchased a new stake in Oracle in the 2nd quarter worth approximately $133,000. 57.94% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction 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 owns 1,522,983 shares in the company, valued at $76,590,815.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $49.72, for a total value of $186,450.00. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $901,175. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,981,250 shares of company stock worth $99,315,438. Insiders own 29.00% of the company’s stock.
Shares of NYSE:ORCL traded down $1.13 on Friday, hitting $44.83. 13,893,643 shares of the company’s stock were exchanged, 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 market cap of $185,578.38, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16.
Oracle (NYSE:ORCL) last released its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities research analysts predict that Oracle Co. will post 2.76 EPS for the current fiscal year.
Oracle declared that its Board of Directors has approved a stock repurchase plan 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 plans are typically an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. Oracle’s dividend payout ratio is currently 30.52%.
A number of brokerages have issued reports on ORCL. Credit Suisse Group reaffirmed a “buy” rating and set a $62.00 price objective on shares of Oracle in a report on Sunday, February 18th. Royal Bank of Canada set a $53.00 price objective on shares of Oracle and gave the company a “buy” rating in a report on Tuesday, December 12th. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 price objective on shares of Oracle in a report on Tuesday, December 12th. Cleveland Research lowered shares of Oracle from a “buy” rating to a “neutral” rating in a 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 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. The stock has an average 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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