Vontobel Asset Management Inc. purchased a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 443,281 shares of the enterprise software provider’s stock, valued at approximately $20,960,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Acrospire Investment Management LLC lifted its stake in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its stake in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after acquiring an additional 2,436 shares in the last quarter. ETF Managers Group LLC bought a new position in Oracle during the 2nd quarter valued at $133,000. Finally, Monroe Bank & Trust MI lifted its stake in Oracle by 30.5% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock valued at $144,000 after acquiring an additional 675 shares in the last quarter. 58.36% of the stock is owned by institutional investors and hedge funds.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $877,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 1,956,250 shares of company stock valued at $98,316,475 in the last three months. 29.00% of the stock is owned by insiders.
Oracle (NYSE:ORCL) last posted its earnings results 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. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. equities research analysts expect that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle declared that its Board of Directors has approved a stock buyback program on Thursday, December 14th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Tuesday, January 9th. Oracle’s payout ratio is presently 32.62%.
Several equities analysts have weighed in on the company. Instinet assumed coverage on Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective on the stock. ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr upgraded Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price on the stock in a research note on Thursday, November 2nd. Nomura assumed coverage on Oracle in a research note on Tuesday, January 23rd. They set a “buy” rating and a $64.00 target price on the stock. Finally, Credit Suisse Group reiterated a “buy” rating and set a $62.00 target price on shares of Oracle in a research note on Sunday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.38.
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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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