Van ECK Associates Corp grew its stake in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,478 shares of the enterprise software provider’s stock after purchasing an additional 490 shares during the quarter. Van ECK Associates Corp’s holdings in Oracle were worth $2,687,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Rational Advisors LLC boosted its stake in shares of 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 purchasing an additional 126 shares during the period. Regal Investment Advisors LLC boosted its stake in shares of 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 purchasing an additional 126 shares during the period. Ferguson Wellman Capital Management Inc. lifted its stake in Oracle by 2.6% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 5,041 shares of the enterprise software provider’s stock worth $417,000 after acquiring an additional 126 shares during the period. Smith Moore & CO. lifted its stake in Oracle by 1.0% in the fourth quarter. Smith Moore & CO. now owns 13,075 shares of the enterprise software provider’s stock worth $1,140,000 after acquiring an additional 135 shares during the period. Finally, Dividend Assets Capital LLC lifted its stake in Oracle by 14.0% in the first quarter. Dividend Assets Capital LLC now owns 1,125 shares of the enterprise software provider’s stock worth $93,000 after acquiring an additional 138 shares during the period. 42.33% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $76,153,743.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $76,153,743.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 419,174 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,399,174 shares of company stock worth $232,369,224. Corporate insiders own 39.10% of the company’s stock.
Wall Street Analyst Weigh In
ORCL has been the subject of a number of research reports. Cowen lowered their price objective on shares of Oracle from $107.00 to $98.00 in a research note on Thursday, June 9th. Barclays set a $82.00 price objective on shares of Oracle in a research note on Tuesday, June 14th. Jefferies Financial Group boosted their target price on shares of Oracle from $75.00 to $80.00 in a report on Tuesday, June 14th. Exane BNP Paribas upgraded shares of Oracle from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Finally, Daiwa Capital Markets reduced their target price on shares of Oracle from $87.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $89.77.
Oracle Trading Down 0.8 %
Shares of NYSE:ORCL opened at $78.66 on Monday. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34. The company’s 50 day moving average is $73.07 and its 200 day moving average is $75.27. The company has a market cap of $209.62 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.87.
Oracle (NYSE:ORCL – Get Rating) last issued its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The company had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the company earned $1.40 EPS. Oracle’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 4.43 earnings per share for the current fiscal year.
Oracle Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 11th. This represents a $1.28 annualized dividend and a yield of 1.63%. Oracle’s dividend payout ratio is presently 53.33%.
Oracle Profile
Oracle Corporation offers 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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
See Also
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