Guardian Capital Advisors LP boosted its stake in Oracle Co. (NYSE:ORCL) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,185 shares of the enterprise software provider’s stock after acquiring an additional 3,723 shares during the quarter. Guardian Capital Advisors LP’s holdings in Oracle were worth $7,799,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Strategy Asset Managers LLC raised its holdings in shares of Oracle by 22.3% in the 3rd quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock valued at $12,443,000 after purchasing an additional 46,866 shares during the period. Westpac Banking Corp raised its holdings in shares of Oracle by 19.0% in the 3rd quarter. Westpac Banking Corp now owns 670,335 shares of the enterprise software provider’s stock valued at $32,411,000 after purchasing an additional 107,214 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Oracle by 17.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,750,762 shares of the enterprise software provider’s stock valued at $229,699,000 after purchasing an additional 697,747 shares during the period. YHB Investment Advisors Inc. raised its holdings in shares of Oracle by 24.7% in the 3rd quarter. YHB Investment Advisors Inc. now owns 275,142 shares of the enterprise software provider’s stock valued at $13,303,000 after purchasing an additional 54,546 shares during the period. Finally, CNA Financial Corp raised its holdings in shares of Oracle by 11.0% in the 3rd quarter. CNA Financial Corp now owns 236,275 shares of the enterprise software provider’s stock valued at $11,424,000 after purchasing an additional 23,500 shares during the period. 57.96% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on ORCL. Barclays upped their target price on shares of Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, March 12th. They noted that the move was a valuation call. OTR Global lowered shares of Oracle to a “positive” rating in a research note on Friday, March 9th. Cleveland Research reiterated a “hold” rating on shares of Oracle in a research note on Saturday, March 17th. Morgan Stanley reiterated a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. Finally, Instinet started coverage on shares of Oracle in a research note on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price target on the stock. Seventeen equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Oracle has an average rating of “Buy” and a consensus price target of $56.11.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. equities analysts expect that Oracle Co. will post 2.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, April 16th. Oracle’s payout ratio is 30.52%.
Oracle declared that its Board of Directors has approved a stock buyback plan on Friday, February 2nd that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total value of $2,310,300.00. Following the completion of the transaction, the director now owns 62,498 shares of the company’s stock, valued at approximately $3,208,647.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Berg sold 75,000 shares of the stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $45.94, for a total transaction of $3,445,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 356,250 shares of company stock valued at $17,254,288. 29.00% of the stock is owned by insiders.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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