Atria Investments LLC grew its stake in Oracle Co. (NYSE:ORCL) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,426 shares of the enterprise software provider’s stock after buying an additional 5,705 shares during the quarter. Atria Investments LLC’s holdings in Oracle were worth $4,134,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Ayalon Holdings Ltd. acquired a new position in shares of Oracle in the 4th quarter valued at about $903,000. Trellis Advisors LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $289,000. Hexavest Inc. lifted its holdings in shares of Oracle by 6.4% in the 4th quarter. Hexavest Inc. now owns 1,918,146 shares of the enterprise software provider’s stock valued at $90,690,000 after buying an additional 115,242 shares during the period. Stillwater Capital Advisors LLC lifted its holdings in shares of Oracle by 26.1% in the 4th quarter. Stillwater Capital Advisors LLC now owns 288,101 shares of the enterprise software provider’s stock valued at $13,622,000 after buying an additional 59,595 shares during the period. Finally, Daiwa SB Investments Ltd. acquired a new position in shares of Oracle in the 4th quarter valued at about $971,000. 57.77% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $49.72, for a total value of $186,450.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $901,175. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,956,250 shares of company stock worth $98,316,475. Insiders own 29.00% of the company’s stock.
Oracle Co. (ORCL) opened at $50.71 on Monday. The firm has a market capitalization of $209,920.00, a P/E ratio of 21.76, a PEG ratio of 1.93 and a beta of 1.08. Oracle Co. has a twelve month low of $41.50 and a twelve month high of $53.14. 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 (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. research analysts predict that Oracle Co. will post 2.68 earnings per share for the current year.
Oracle declared that its board has approved a share repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio is currently 32.62%.
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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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