Reliance Trust Co. of Delaware increased its stake in Oracle Co. (NYSE:ORCL) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,319 shares of the enterprise software provider’s stock after buying an additional 726 shares during the period. Oracle accounts for 0.7% of Reliance Trust Co. of Delaware’s portfolio, making the stock its 24th largest position. Reliance Trust Co. of Delaware’s holdings in Oracle were worth $4,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its stake in Oracle by 1,540.3% in the first quarter. Assenagon Asset Management S.A. now owns 2,380,038 shares of the enterprise software provider’s stock worth $127,832,000 after buying an additional 2,234,942 shares in the last quarter. Brightworth bought a new position in shares of Oracle during the first quarter valued at approximately $252,000. Private Capital Group LLC increased its stake in shares of Oracle by 13.6% during the first quarter. Private Capital Group LLC now owns 9,666 shares of the enterprise software provider’s stock valued at $519,000 after purchasing an additional 1,156 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Oracle by 11.3% during the first quarter. Grove Bank & Trust now owns 8,107 shares of the enterprise software provider’s stock valued at $435,000 after purchasing an additional 823 shares in the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of Oracle during the first quarter valued at approximately $272,000. 47.10% of the stock is owned by institutional investors.
In related news, CEO Mark V. Hurd sold 1,200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total value of $64,596,000.00. Following the sale, the chief executive officer now owns 1,664,227 shares in the company, valued at $89,585,339.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total transaction of $204,450.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at approximately $1,524,869.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,473,750 shares of company stock worth $133,883,350. Corporate insiders own 32.00% of the company’s stock.
NYSE:ORCL opened at $54.17 on Wednesday. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $55.53. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65. The company has a market cap of $225.61 billion, a PE ratio of 19.21, a PEG ratio of 1.81 and a beta of 1.08.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 3.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were issued a dividend of $0.24 per share. This is a boost from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.77%. Oracle’s dividend payout ratio is presently 34.04%.
A number of equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, May 15th. Exane BNP Paribas assumed coverage on shares of Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 target price for the company. BNP Paribas assumed coverage on shares of Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 target price for the company. Finally, DZ Bank reaffirmed a “sell” rating on shares of Oracle in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.11.
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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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