Sei Investments Co. Purchases 242,721 Shares of Oracle Corporation (ORCL)

Sei Investments Co. boosted its position in Oracle Corporation (NYSE:ORCL) by 16.0% during the third quarter, Holdings Channel reports. The institutional investor owned 1,761,990 shares of the enterprise software provider’s stock after purchasing an additional 242,721 shares during the period. Sei Investments Co.’s holdings in Oracle were worth $85,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wrapmanager Inc. boosted its position in Oracle by 18.5% in the 3rd quarter. Wrapmanager Inc. now owns 12,493 shares of the enterprise software provider’s stock worth $604,000 after purchasing an additional 1,947 shares in the last quarter. HL Financial Services LLC boosted its position in Oracle by 12.8% in the 3rd quarter. HL Financial Services LLC now owns 37,199 shares of the enterprise software provider’s stock worth $1,799,000 after purchasing an additional 4,225 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in Oracle by 15.2% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 16,703 shares of the enterprise software provider’s stock worth $808,000 after purchasing an additional 2,200 shares in the last quarter. FDx Advisors Inc. boosted its position in Oracle by 12.7% in the 3rd quarter. FDx Advisors Inc. now owns 114,359 shares of the enterprise software provider’s stock worth $5,529,000 after purchasing an additional 12,842 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its position in Oracle by 8.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 16,463 shares of the enterprise software provider’s stock worth $796,000 after purchasing an additional 1,314 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly 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 can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,250 shares of company stock valued at $5,306,238. 29.00% of the stock is owned by corporate insiders.

Several equities research analysts have commented on the company. Vetr upgraded Oracle from a “strong sell” rating to a “sell” rating and set a $46.58 price objective on the stock in a research report on Monday, September 18th. BidaskClub lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Credit Suisse Group restated an “overweight” rating and issued a $62.00 price objective on shares of Oracle in a research report on Monday, September 18th. JPMorgan Chase & Co. set a $55.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Bank of America restated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the stock. Oracle presently has an average rating of “Buy” and an average price target of $55.28.

Oracle Corporation (ORCL) opened at $48.95 on Friday. Oracle Corporation has a 52 week low of $38.59 and a 52 week high of $53.14. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $204,290.00, a price-to-earnings ratio of 21.01, a P/E/G ratio of 1.85 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ 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 period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. equities analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.

Oracle announced that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, January 9th. Oracle’s dividend payout ratio is currently 32.62%.

TRADEMARK VIOLATION WARNING: “Sei Investments Co. Purchases 242,721 Shares of Oracle Corporation (ORCL)” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/01/12/sei-investments-co-purchases-242721-shares-of-oracle-corporation-orcl.html.

About Oracle

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit