Nomura Asset Management Co. Ltd. boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 10.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 975,989 shares of the enterprise software provider’s stock after purchasing an additional 95,504 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Oracle were worth $46,145,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Keel Point LLC boosted its stake in shares of Oracle by 0.3% during the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after acquiring an additional 14 shares in the last quarter. Highland Private Wealth Management boosted its stake in shares of Oracle by 0.7% during the 2nd quarter. Highland Private Wealth Management now owns 9,660 shares of the enterprise software provider’s stock worth $485,000 after acquiring an additional 70 shares in the last quarter. South Texas Money Management Ltd. boosted its stake in shares of Oracle by 2.1% during the 2nd quarter. South Texas Money Management Ltd. now owns 4,883 shares of the enterprise software provider’s stock worth $245,000 after acquiring an additional 101 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of Oracle by 1.0% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 16,355 shares of the enterprise software provider’s stock worth $820,000 after acquiring an additional 155 shares in the last quarter. Finally, Linscomb & Williams Inc. boosted its stake in shares of Oracle by 1.8% during the 2nd quarter. Linscomb & Williams Inc. now owns 24,545 shares of the enterprise software provider’s stock worth $1,231,000 after acquiring an additional 434 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.
ORCL has been the topic of several recent analyst reports. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 target price on the stock. in a research note on Wednesday, January 17th. Credit Suisse Group lowered their target price on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 20th. ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research note on Tuesday, March 20th. Finally, OTR Global lowered shares of Oracle to a “positive” rating in a research note on Friday, March 9th. Seventeen analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $56.11.
Shares of NYSE ORCL opened at $47.08 on Thursday. The company has a market cap of $190,628.67, a PE ratio of 18.91, a PEG ratio of 1.70 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 4.30. 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. sell-side analysts expect that Oracle Co. will post 2.76 EPS for the current fiscal year.
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 issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. Oracle’s dividend payout ratio is currently 30.52%.
Oracle announced that its Board of Directors has initiated a share buyback program on Friday, February 2nd that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other 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 completion of the sale, the director now owns 62,498 shares in the company, valued at approximately $3,208,647.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the sale, the executive vice president now owns 37,576 shares of the company’s stock, valued at approximately $1,953,952. The disclosure for this sale can be found here. Insiders have sold a total of 356,250 shares of company stock valued at $17,254,288 in the last 90 days. Insiders own 29.00% of the company’s stock.
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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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