Oracle Co. (ORCL) Holdings Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,864,577 shares of the enterprise software provider’s stock after acquiring an additional 463,760 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Oracle were worth $513,678,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its stake in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors increased its stake in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after buying an additional 2,436 shares during the period. ETF Managers Group LLC purchased a new position in shares of Oracle during the second quarter valued at $133,000. Finally, Monroe Bank & Trust MI increased its stake in shares of Oracle by 30.5% during the second quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock valued at $144,000 after buying an additional 675 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.

Shares of Oracle Co. (ORCL) opened at $49.59 on Friday. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Co. has a twelve month low of $42.25 and a twelve month high of $53.14. The company has a market capitalization of $205,280.00, a PE ratio of 21.28, a P/E/G ratio of 1.88 and a beta of 1.08.

Oracle (NYSE:ORCL) last released its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping 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 firm had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. analysts expect that Oracle Co. will post 2.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio is currently 32.62%.

Oracle declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Several equities analysts have recently commented on ORCL shares. Drexel Hamilton restated a “buy” rating and set a $62.00 price target on shares of Oracle in a research note on Tuesday, November 21st. Vetr downgraded Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective on the stock. in a research report on Monday, November 20th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, November 15th. BidaskClub downgraded Oracle from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Finally, Royal Bank of Canada set a $53.00 price objective on Oracle and gave the company a “buy” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.38.

In related news, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the completion of the transaction, the director now directly owns 62,498 shares in the company, valued at $3,208,647.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.40, for a total value of $181,500.00. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $877,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,956,250 shares of company stock valued at $98,316,475. 29.00% of the stock is owned by company insiders.

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Oracle 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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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