Oracle Co. (ORCL) Shares Bought by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 0.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 552,826 shares of the enterprise software provider’s stock after buying an additional 4,395 shares during the period. Oracle comprises about 2.2% of Waters Parkerson & CO. LLC’s holdings, making the stock its 16th biggest position. Waters Parkerson & CO. LLC’s holdings in Oracle were worth $25,292,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tarbox Family Office Inc. increased its stake in shares of Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after purchasing an additional 965 shares in the last quarter. Cpwm LLC increased its stake in shares of Oracle by 6.0% in the fourth quarter. Cpwm LLC now owns 17,625 shares of the enterprise software provider’s stock worth $833,000 after purchasing an additional 1,001 shares in the last quarter. Pillar Pacific Capital Management LLC increased its stake in shares of Oracle by 0.6% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 180,430 shares of the enterprise software provider’s stock worth $8,531,000 after purchasing an additional 1,017 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its stake in shares of Oracle by 2.7% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 40,265 shares of the enterprise software provider’s stock worth $1,904,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Timber Creek Capital Management LLC increased its stake in shares of Oracle by 1.1% in the fourth quarter. Timber Creek Capital Management LLC now owns 92,267 shares of the enterprise software provider’s stock worth $4,362,000 after purchasing an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 56.43% of the company’s stock.

ORCL has been the subject of several recent research reports. Credit Suisse Group reduced their target price on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, March 20th. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Tuesday, March 20th. Finally, OTR Global downgraded shares of Oracle to a “positive” rating in a research note on Friday, March 9th. One investment 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 stock. The company has an average rating of “Buy” and an average price target of $56.30.

In other Oracle news, EVP Dorian Daley sold 125,000 shares of Oracle stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $45.95, for a total transaction of $5,743,750.00. Following the transaction, the executive vice president now directly owns 161,954 shares of the company’s stock, valued at $7,441,786.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $46.51, for a total transaction of $174,412.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $842,993.75. The disclosure for this sale can be found here. Insiders have sold 2,557,015 shares of company stock worth $117,480,315 over the last three months. Insiders own 29.00% of the company’s stock.

Shares of Oracle opened at $47.00 on Friday, Marketbeat reports. Oracle Co. has a 1 year low of $43.74 and a 1 year high of $53.48. The company has a market cap of $192.33 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.72 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 (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion for 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 period last year, the firm posted $0.69 earnings per share. equities research analysts predict that Oracle Co. will post 2.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, April 16th. Oracle’s dividend payout ratio (DPR) is presently 30.52%.

Oracle declared that its board has approved a stock repurchase program on Friday, February 2nd that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About Oracle

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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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