Investment House LLC decreased its position in Oracle Co. (NYSE:ORCL) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,219 shares of the enterprise software provider’s stock after selling 13,242 shares during the period. Investment House LLC’s holdings in Oracle were worth $4,173,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP raised its holdings in shares of Oracle by 738.5% in the 4th quarter. Two Sigma Advisers LP now owns 588,484 shares of the enterprise software provider’s stock worth $27,824,000 after buying an additional 518,300 shares in the last quarter. Bank of Nova Scotia Trust Co. raised its holdings in shares of Oracle by 44.4% in the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 9,985 shares of the enterprise software provider’s stock worth $482,000 after buying an additional 3,071 shares in the last quarter. Allegis Investment Advisors LLC raised its holdings in shares of Oracle by 16.5% in the 4th quarter. Allegis Investment Advisors LLC now owns 51,031 shares of the enterprise software provider’s stock worth $2,413,000 after buying an additional 7,231 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Oracle by 38.6% in the 4th quarter. Wasatch Advisors Inc. now owns 220,792 shares of the enterprise software provider’s stock worth $10,439,000 after buying an additional 61,530 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Oracle by 4.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 10,864,577 shares of the enterprise software provider’s stock worth $513,678,000 after buying an additional 463,760 shares in the last quarter. 56.43% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $46.51, for a total value of $174,412.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $842,993.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $45.95, for a total value of $5,743,750.00. Following the completion of the transaction, the executive vice president now owns 161,954 shares in the company, valued at $7,441,786.30. The disclosure for this sale can be found here. Insiders sold a total of 2,557,015 shares of company stock worth $117,480,315 over the last 90 days. 29.00% of the stock is owned by corporate insiders.
Shares of Oracle opened at $46.46 on Friday, according to Marketbeat.com. The firm has a market capitalization of $194.15 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.73 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.30 and a current ratio of 4.33. Oracle Co. has a 52 week low of $43.74 and a 52 week high of $53.48.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the company earned $0.69 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. analysts forecast that Oracle Co. will post 2.76 EPS for the current year.
Oracle declared that its board has initiated a stock buyback program 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 programs are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th were given a $0.19 dividend. The ex-dividend date was Monday, April 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. Oracle’s dividend payout ratio is currently 30.52%.
ORCL has been the subject of a number of recent research reports. TheStreet cut Oracle from a “b+” rating to a “c+” rating in a report on Monday, March 19th. Credit Suisse Group reissued a “buy” rating and issued a $62.00 target price on shares of Oracle in a 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 report on Friday, March 23rd. JPMorgan Chase & Co. reissued a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Tuesday, March 20th. Finally, Cleveland Research cut Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $56.30.
Oracle Company Profile
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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