Royal Fund Management LLC acquired a new stake in Oracle Co. (NYSE:ORCL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,116 shares of the enterprise software provider’s stock, valued at approximately $53,000.
Several other large investors have also recently made changes to their positions in the business. Loomis Sayles & Co. L P increased its position in shares of Oracle by 3.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 39,048,373 shares of the enterprise software provider’s stock valued at $2,068,783,000 after purchasing an additional 1,378,211 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Oracle by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 34,159,820 shares of the enterprise software provider’s stock valued at $1,650,944,000 after purchasing an additional 237,469 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 68.5% in the 4th quarter. Franklin Resources Inc. now owns 23,962,890 shares of the enterprise software provider’s stock valued at $1,269,542,000 after purchasing an additional 9,739,302 shares during the last quarter. Longview Partners Guernsey LTD increased its position in shares of Oracle by 1.5% in the 4th quarter. Longview Partners Guernsey LTD now owns 22,608,727 shares of the enterprise software provider’s stock valued at $1,197,810,000 after purchasing an additional 326,268 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $1,083,969,000. 50.64% of the stock is currently owned by institutional investors.
ORCL stock opened at $52.62 on Friday. Oracle Co. has a one year low of $39.71 and a one year high of $60.50. The stock has a market capitalization of $164.68 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.12 and a current ratio of 2.12. The company has a fifty day moving average of $52.51 and a 200-day moving average of $52.99.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Oracle had a net margin of 27.06% and a return on equity of 64.68%. The company had revenue of $9.80 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter last year, the business earned $0.87 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 3.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, April 8th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.
Oracle declared that its Board of Directors has initiated a share buyback plan on Thursday, March 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to reacquire up to 9.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several research analysts have recently issued reports on ORCL shares. Goldman Sachs Group restated a “buy” rating and issued a $52.00 target price on shares of Oracle in a report on Thursday, March 26th. JPMorgan Chase & Co. upgraded shares of Oracle from a “neutral” rating to an “overweight” rating and upped their target price for the company from $51.00 to $55.00 in a report on Friday, March 20th. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, April 21st. BNP Paribas upgraded shares of Oracle from a “neutral” rating to an “outperform” rating and set a $55.00 target price for the company in a report on Tuesday, March 31st. Finally, UBS Group lowered their target price on shares of Oracle from $57.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.57.
In other news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $51.73, for a total value of $51,730,000.00. Following the completion of the sale, the chief executive officer now owns 2,368,592 shares in the company, valued at approximately $122,527,264.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles W. Moorman purchased 10,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of $45.23 per share, with a total value of $452,300.00. Following the acquisition, the director now directly owns 18,561 shares in the company, valued at $839,514.03. The disclosure for this purchase can be found here. 36.60% of the stock is currently owned by company insiders.
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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