Virtue Capital Management LLC bought a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 8,519 shares of the enterprise software provider’s stock, valued at approximately $403,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearbridge Investments LLC lifted its stake in Oracle by 148.9% during the 4th quarter. Clearbridge Investments LLC now owns 15,759,813 shares of the enterprise software provider’s stock valued at $745,124,000 after acquiring an additional 9,429,236 shares in the last quarter. FMR LLC lifted its stake in Oracle by 24.8% during the 2nd quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after acquiring an additional 6,577,297 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Oracle by 50.2% during the 4th quarter. Mackenzie Financial Corp now owns 16,111,806 shares of the enterprise software provider’s stock valued at $761,766,000 after acquiring an additional 5,387,078 shares in the last quarter. Vanguard Group Inc. lifted its stake in Oracle by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after acquiring an additional 5,270,359 shares in the last quarter. Finally, Boston Partners lifted its stake in Oracle by 24.4% during the 3rd quarter. Boston Partners now owns 23,924,971 shares of the enterprise software provider’s stock valued at $1,156,772,000 after acquiring an additional 4,699,334 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.
ORCL has been the topic of several recent analyst reports. TheStreet cut Oracle from a “b+” rating to a “c+” rating in a research note on Monday, March 19th. Morgan Stanley upgraded Oracle from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $46.63 to $47.71 in a research note on Wednesday, January 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $62.00 target price on shares of Oracle in a research report on Sunday, February 18th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, March 23rd. Finally, Cleveland Research lowered Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Oracle has an average rating of “Buy” and an average target price of $56.11.
ORCL stock opened at $46.23 on Friday. 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 cap of $194,892.47, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.74 and a beta of 1.15. Oracle Co. has a twelve month low of $43.60 and a twelve month high of $53.48.
Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, April 16th. Oracle’s payout ratio is presently 30.52%.
Oracle announced that its Board of Directors has initiated a share buyback plan on Friday, February 2nd that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $945,943.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated Thursday, January 25th. The shares were 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 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 ninety 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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