Mosaic Family Wealth LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 76.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,118 shares of the enterprise software provider’s stock after selling 10,289 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Oracle were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in Oracle by 24.2% in the 4th quarter. Signaturefd LLC now owns 15,145 shares of the enterprise software provider’s stock worth $716,000 after purchasing an additional 2,952 shares during the last quarter. Granite Investment Advisors LLC lifted its holdings in Oracle by 1.0% in the 4th quarter. Granite Investment Advisors LLC now owns 255,171 shares of the enterprise software provider’s stock worth $12,064,000 after purchasing an additional 2,435 shares during the last quarter. Pitcairn Co. lifted its holdings in Oracle by 15.1% in the 4th quarter. Pitcairn Co. now owns 29,580 shares of the enterprise software provider’s stock worth $1,398,000 after purchasing an additional 3,883 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Oracle by 4.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,396,131 shares of the enterprise software provider’s stock worth $775,209,000 after purchasing an additional 641,231 shares during the last quarter. Finally, Truewealth LLC acquired a new stake in Oracle in the 4th quarter worth approximately $387,000. Institutional investors and hedge funds own 57.96% of the company’s stock.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on 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 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 accessible through this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders sold 2,052,500 shares of company stock worth $102,574,488 over the last quarter. Company insiders own 29.00% of the company’s stock.
Several equities research analysts recently weighed in on the company. Monness Crespi & Hardt assumed coverage on Oracle in a report on Wednesday, April 11th. They issued a “neutral” rating for the company. Zacks Investment Research lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. TheStreet lowered Oracle from a “b+” rating to a “c+” rating in a report on Monday, March 19th. JPMorgan Chase restated a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Tuesday, March 20th. Finally, Nomura lowered Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, March 20th. Seventeen analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Oracle presently has a consensus rating of “Buy” and an average target price of $56.11.
ORCL opened at $46.05 on Tuesday. The company has a market cap of $190,752.88, a PE ratio of 18.49, a PEG ratio of 1.70 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 Co. has a 1 year low of $43.60 and a 1 year high of $53.48.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. research analysts predict that Oracle Co. will post 2.76 earnings per share for the current year.
Oracle announced that its Board of Directors has authorized a share repurchase plan on Friday, February 2nd that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Monday, April 16th. Oracle’s dividend payout ratio (DPR) is 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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