Guardian Capital LP increased its position in shares of Oracle Co. (NYSE:ORCL) by 81.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,850 shares of the enterprise software provider’s stock after buying an additional 8,013 shares during the period. Guardian Capital LP’s holdings in Oracle were worth $686,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ORCL. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Oracle during the third quarter worth approximately $2,544,000. First Quadrant L P CA boosted its stake in shares of Oracle by 87.2% in the third quarter. First Quadrant L P CA now owns 877,305 shares of the enterprise software provider’s stock worth $34,461,000 after buying an additional 408,705 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Oracle by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 67,301 shares of the enterprise software provider’s stock worth $2,587,000 after buying an additional 248 shares during the period. Majedie Asset Management Ltd boosted its stake in shares of Oracle by 2.5% in the third quarter. Majedie Asset Management Ltd now owns 159,946 shares of the enterprise software provider’s stock worth $6,283,000 after buying an additional 3,859 shares during the period. Finally, TIAA CREF Trust Co. FSB MO boosted its stake in shares of Oracle by 3.0% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 557,533 shares of the enterprise software provider’s stock worth $21,900,000 after buying an additional 16,273 shares during the period. Institutional investors and hedge funds own 57.95% of the company’s stock.
Oracle Co. (NYSE:ORCL) traded down 0.22% during midday trading on Friday, reaching $44.43. 11,556,016 shares of the company traded hands. The company has a 50 day moving average price of $44.06 and a 200-day moving average price of $40.74. Oracle Co. has a one year low of $37.62 and a one year high of $46.99. The stock has a market capitalization of $182.82 billion, a P/E ratio of 21.02 and a beta of 1.14. Oracle also saw unusually large options trading activity on Wednesday. Stock traders bought 714 put options on the company. This represents an increase of 205% compared to the average daily volume of 234 put options.
Oracle (NYSE:ORCL) last released its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company earned $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Oracle had a net margin of 23.69% and a return on equity of 21.33%. Oracle’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. Analysts forecast that Oracle Co. will post $2.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be paid a $0.19 dividend. The ex-dividend date is Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a yield of 1.71%. Oracle’s dividend payout ratio (DPR) is 28.99%.
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A number of equities analysts have recently issued reports on ORCL shares. Credit Suisse Group AG reissued a “neutral” rating on shares of Oracle in a research report on Thursday, December 22nd. Mitsubishi UFJ Financial Group started coverage on shares of Oracle in a research report on Friday, December 23rd. They set an “overweight” rating and a $48.00 price objective on the stock. Cowen and Company reissued an “outperform” rating and set a $46.00 price objective on shares of Oracle in a research report on Friday, December 23rd. Vetr raised shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $44.57 price objective on the stock in a research report on Monday, December 26th. Finally, Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Oracle has an average rating of “Buy” and an average target price of $45.89.
In other Oracle news, insider Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $46.61, for a total transaction of $18,644,000.00. Following the completion of the sale, the insider now directly owns 400,000 shares in the company, valued at approximately $18,644,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $44.00, for a total transaction of $165,000.00. Following the sale, the director now owns 8,281 shares of the company’s stock, valued at $364,364. The disclosure for this sale can be found here. Insiders sold a total of 6,337,240 shares of company stock valued at $286,681,803 over the last quarter. 29.00% of the stock is owned by company insiders.
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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