Advisor Group Inc. lifted its stake in Oracle Corporation (NYSE:ORCL) by 12.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,037 shares of the enterprise software provider’s stock after purchasing an additional 12,210 shares during the period. Advisor Group Inc.’s holdings in Oracle were worth $5,320,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Strategy Asset Managers LLC lifted its holdings in Oracle by 22.3% during the 3rd quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock worth $12,443,000 after buying an additional 46,866 shares during the last quarter. First National Trust Co. lifted its holdings in Oracle by 36.9% during the 3rd quarter. First National Trust Co. now owns 77,589 shares of the enterprise software provider’s stock worth $3,751,000 after buying an additional 20,930 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Oracle by 62.7% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,005,398 shares of the enterprise software provider’s stock worth $48,611,000 after buying an additional 387,433 shares during the last quarter. Capital Analysts LLC lifted its holdings in Oracle by 4.0% during the 3rd quarter. Capital Analysts LLC now owns 73,162 shares of the enterprise software provider’s stock worth $3,537,000 after buying an additional 2,794 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Oracle by 9.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,293,212 shares of the enterprise software provider’s stock worth $62,536,000 after buying an additional 113,389 shares during the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.
A number of brokerages have issued reports on ORCL. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 15th. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Vetr upgraded Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 target price on the stock in a research report on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. Finally, Drexel Hamilton reiterated a “buy” rating and set a $62.00 target price on shares of Oracle in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $55.28.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts expect that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, January 9th. Oracle’s dividend payout ratio is presently 32.62%.
Oracle announced that its Board of Directors has approved a stock buyback program on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $877,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders sold a total of 107,500 shares of company stock worth $5,123,613 in the last ninety days. 29.00% of the stock is owned by corporate insiders.
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Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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