Fiduciary Trust Co. increased its position in shares of Oracle Co. (NYSE:ORCL) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,639 shares of the enterprise software provider’s stock after purchasing an additional 5,465 shares during the quarter. Fiduciary Trust Co.’s holdings in Oracle were worth $11,181,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Godshalk Welsh Capital Management Inc. lifted its holdings in shares of Oracle by 6.1% in the third quarter. Godshalk Welsh Capital Management Inc. now owns 31,400 shares of the enterprise software provider’s stock worth $1,619,000 after acquiring an additional 1,800 shares during the last quarter. Wealthquest Corp bought a new position in shares of Oracle in the fourth quarter worth about $202,000. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Oracle by 27.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 108,209 shares of the enterprise software provider’s stock worth $4,886,000 after acquiring an additional 23,235 shares during the last quarter. Afam Capital Inc. lifted its holdings in shares of Oracle by 1.8% in the third quarter. Afam Capital Inc. now owns 155,585 shares of the enterprise software provider’s stock worth $8,022,000 after acquiring an additional 2,725 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in shares of Oracle by 1,874.8% in the third quarter. Trexquant Investment LP now owns 100,219 shares of the enterprise software provider’s stock worth $5,167,000 after acquiring an additional 95,144 shares during the last quarter. 50.84% of the stock is owned by institutional investors and hedge funds.
ORCL has been the subject of a number of research reports. Standpoint Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $42.69 target price for the company in a report on Wednesday, December 26th. Barclays cut shares of Oracle from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $60.00 to $55.00 in a report on Wednesday, January 9th. Rosenblatt Securities reissued a “hold” rating and issued a $51.00 target price on shares of Oracle in a report on Tuesday, October 30th. Nomura dropped their target price on shares of Oracle from $58.00 to $53.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Oracle in a report on Monday, December 17th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.56.
Oracle (NYSE:ORCL) last released its earnings results on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The business had revenue of $9.57 billion during the quarter, compared to the consensus estimate of $9.52 billion. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. Analysts forecast that Oracle Co. will post 3.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 16th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, January 15th. Oracle’s dividend payout ratio is presently 26.95%.
In other Oracle news, EVP Dorian Daley sold 25,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 102,919 shares of the company’s stock, valued at approximately $4,631,355. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $48.20, for a total transaction of $180,750.00. Following the sale, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,348,105.80. The disclosure for this sale can be found here. Insiders have sold a total of 42,552 shares of company stock valued at $1,939,861 in the last three months. Insiders own 32.00% of the company’s stock.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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