Charles Schwab Trust Co trimmed its holdings in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,107 shares of the enterprise software provider’s stock after selling 1,081 shares during the quarter. Charles Schwab Trust Co’s holdings in Oracle were worth $1,002,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Gateway Investment Advisers LLC boosted its stake in shares of Oracle by 0.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 539,330 shares of the enterprise software provider’s stock valued at $44,619,000 after purchasing an additional 1,567 shares during the last quarter. Freedman Financial Associates Inc. boosted its stake in shares of Oracle by 5.7% in the 1st quarter. Freedman Financial Associates Inc. now owns 3,291 shares of the enterprise software provider’s stock valued at $277,000 after purchasing an additional 176 shares during the last quarter. Walker Asset Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at $464,000. Payden & Rygel boosted its stake in shares of Oracle by 42.3% in the 1st quarter. Payden & Rygel now owns 10,100 shares of the enterprise software provider’s stock valued at $836,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Winthrop Advisory Group LLC boosted its stake in shares of Oracle by 16.4% in the 1st quarter. Winthrop Advisory Group LLC now owns 4,394 shares of the enterprise software provider’s stock valued at $363,000 after purchasing an additional 619 shares during the last quarter. 42.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on ORCL shares. Jefferies Financial Group upped their price objective on shares of Oracle from $75.00 to $80.00 in a research note on Tuesday, June 14th. BMO Capital Markets reduced their price objective on shares of Oracle from $92.00 to $86.00 in a research note on Tuesday, June 14th. StockNews.com began coverage on shares of Oracle in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Oracle in a research report on Wednesday, March 9th. Finally, BNP Paribas downgraded shares of Oracle from a “neutral” rating to an “underperform” rating and set a $79.00 target price on the stock. in a research report on Tuesday, March 29th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.13.
Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.17. The firm had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 earnings per share. As a group, research analysts expect that Oracle Co. will post 4.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. Oracle’s dividend payout ratio is currently 53.33%.
In related news, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $74,800,247.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Renee Jo James sold 6,000 shares of the stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $84.11, for a total transaction of $504,660.00. Following the transaction, the director now owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,006,000 shares of company stock valued at $135,454,660. 39.10% of the stock is currently owned by corporate insiders.
Oracle Company Profile (Get Rating)
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite.
- Get a free copy of the StockNews.com research report on Oracle (ORCL)
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