Peak Asset Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,944 shares of the enterprise software provider’s stock after purchasing an additional 6,242 shares during the period. Oracle comprises about 2.9% of Peak Asset Management LLC’s portfolio, making the stock its 13th biggest position. Peak Asset Management LLC’s holdings in Oracle were worth $7,628,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Worldquant Millennium Quantitative Strategies LLC purchased a new position in Oracle in the 3rd quarter worth $1,484,000. Cypress Capital Group boosted its stake in Oracle by 3.9% during the third quarter. Cypress Capital Group now owns 28,108 shares of the enterprise software provider’s stock worth $1,449,000 after acquiring an additional 1,052 shares in the last quarter. HPM Partners LLC boosted its stake in Oracle by 2.4% during the third quarter. HPM Partners LLC now owns 58,842 shares of the enterprise software provider’s stock worth $3,034,000 after acquiring an additional 1,359 shares in the last quarter. HRT Financial LLC bought a new stake in Oracle during the third quarter worth about $1,141,000. Finally, Resources Management Corp CT ADV bought a new stake in Oracle during the third quarter worth about $3,683,000. Institutional investors own 47.41% of the company’s stock.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $51.51, for a total transaction of $193,162.50. Following the completion of the transaction, the director now owns 27,969 shares in the company, valued at $1,440,683.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark V. Hurd sold 1,200,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the transaction, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at approximately $89,585,339.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,770,000 shares of company stock valued at $95,190,688. 32.00% of the stock is owned by company insiders.
Shares of NYSE:ORCL opened at $54.63 on Tuesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $54.75. The firm has a market cap of $222.67 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.78 and a beta of 1.08.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. Oracle’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 3.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be given a dividend of $0.24 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. Oracle’s dividend payout ratio is currently 34.04%.
Several research firms have recently weighed in on ORCL. Sanford C. Bernstein reissued a “buy” rating and set a $57.00 price objective on shares of Oracle in a report on Tuesday, December 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research note on Wednesday, March 13th. Exane BNP Paribas initiated coverage on shares of Oracle in a research note on Friday, March 29th. They issued a “neutral” rating and a $50.00 price objective for the company. UBS Group reissued a “neutral” rating and issued a $51.00 price objective on shares of Oracle in a research note on Tuesday, December 18th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research note on Monday, February 18th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.53.
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Oracle Company Profile
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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