Bbva Compass Bancshares Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 2.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 289,576 shares of the enterprise software provider’s stock after buying an additional 8,215 shares during the period. Oracle makes up 0.9% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 23rd biggest holding. Bbva Compass Bancshares Inc.’s holdings in Oracle were worth $14,931,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Truvestments Capital LLC purchased a new position in Oracle during the third quarter valued at approximately $107,000. WESPAC Advisors SoCal LLC purchased a new position in Oracle during the third quarter valued at approximately $119,000. ELM Advisors LLC purchased a new position in Oracle during the third quarter valued at approximately $122,000. Kiley Juergens Wealth Management LLC raised its position in Oracle by 70.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 1,140 shares in the last quarter. Finally, Palo Capital Inc. purchased a new position in Oracle during the third quarter valued at approximately $141,000. 53.38% of the stock is owned by institutional investors and hedge funds.
Oracle stock opened at $50.61 on Friday. The company has a market capitalization of $203.88 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Oracle Co. has a 12 month low of $42.57 and a 12 month high of $53.48. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, equities analysts predict that Oracle Co. will post 3.06 EPS for the current fiscal year.
Oracle announced that its Board of Directors has approved a stock buyback program on Monday, September 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, October 15th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $47.26, for a total transaction of $177,225.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,321,814.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 131,696 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the sale, the executive vice president now owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Insiders sold 142,946 shares of company stock valued at $7,248,965 over the last 90 days. Company insiders own 32.00% of the company’s stock.
Several research analysts recently weighed in on ORCL shares. Nomura set a $58.00 price target on Oracle and gave the company a “buy” rating in a research report on Tuesday, September 18th. Credit Suisse Group reiterated a “buy” rating and set a $60.00 price target on shares of Oracle in a research report on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 price target on shares of Oracle in a research report on Tuesday, September 18th. KeyCorp reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Finally, Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.71.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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