Exane Derivatives bought a new stake in shares of Oracle Co. (NYSE:ORCL – Get Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 703 shares of the enterprise software provider’s stock, valued at approximately $58,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Forte Capital LLC ADV grew its position in Oracle by 1.9% during the fourth quarter. Forte Capital LLC ADV now owns 6,526 shares of the enterprise software provider’s stock valued at $569,000 after buying an additional 122 shares during the period. PFG Advisors grew its position in Oracle by 3.3% during the fourth quarter. PFG Advisors now owns 3,900 shares of the enterprise software provider’s stock valued at $340,000 after buying an additional 123 shares during the period. Keel Point LLC grew its position in Oracle by 4.9% during the fourth quarter. Keel Point LLC now owns 2,717 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 126 shares during the period. Rational Advisors LLC grew its position in Oracle by 1.1% during the fourth quarter. Rational Advisors LLC now owns 11,083 shares of the enterprise software provider’s stock valued at $967,000 after buying an additional 126 shares during the period. Finally, Regal Investment Advisors LLC grew its position in Oracle by 1.4% during the fourth quarter. Regal Investment Advisors LLC now owns 8,964 shares of the enterprise software provider’s stock valued at $782,000 after buying an additional 126 shares during the period. Institutional investors own 42.33% of the company’s stock.
In other news, insider Edward Screven sold 419,174 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total value of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares in the company, valued at $172,538,671.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Safra Catz sold 980,000 shares of the company’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $69.80, for a total transaction of $68,404,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $78,077,721.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,399,174 shares of company stock worth $232,369,224. Company insiders own 39.10% of the company’s stock.
Several brokerages have weighed in on ORCL. Cowen lowered their price target on shares of Oracle from $107.00 to $98.00 and set an “outperform” rating on the stock in a report on Thursday, June 9th. BNP Paribas raised shares of Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Wednesday, June 29th. Morgan Stanley lifted their price target on shares of Oracle from $87.00 to $88.00 and gave the company an “equal weight” rating in a report on Monday, June 6th. StockNews.com began coverage on shares of Oracle in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Stifel Nicolaus lowered their price target on shares of Oracle from $83.00 to $72.00 in a report on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $90.26.
ORCL stock opened at $71.87 on Friday. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34. The stock has a market capitalization of $191.53 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The firm’s fifty day simple moving average is $70.53 and its two-hundred day simple moving average is $77.44.
Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.17. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The business had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post 4.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Monday, July 11th. Oracle’s dividend payout ratio (DPR) is 53.33%.
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.
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