Rothschild Investment Corp IL reduced its position in shares of Oracle Co. (NYSE:ORCL) by 14.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,403 shares of the enterprise software provider’s stock after selling 6,735 shares during the period. Rothschild Investment Corp IL’s holdings in Oracle were worth $2,083,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Rainier Group Investment Advisory LLC acquired a new position in shares of Oracle in the first quarter valued at approximately $106,000. ELM Advisors LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $122,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $126,000. Financial Gravity Wealth Inc. acquired a new position in Oracle during the first quarter worth $130,000. Finally, Kiley Juergens Wealth Management LLC boosted its holdings in Oracle by 70.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 1,140 shares during the last quarter. 53.38% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on ORCL shares. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Rosenblatt Securities restated a “hold” rating and set a $51.00 target price on shares of Oracle in a report on Tuesday, October 30th. Wells Fargo & Co dropped their price target on shares of Oracle from $62.50 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 18th. Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 price target on shares of Oracle in a research report on Tuesday, September 18th. Finally, Barclays upped their price target on shares of Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Seventeen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.71.
In related news, EVP Dorian Daley sold 131,696 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now owns 109,615 shares in the company, valued at approximately $5,582,691.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,946 shares of company stock worth $7,248,965. 32.00% of the stock is currently owned by corporate insiders.
Oracle stock traded up $0.18 during trading hours on Friday, reaching $50.61. 15,316,141 shares of the stock were exchanged, compared to its average volume of 18,213,500. The company has a market capitalization of $208.06 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.69 and a beta of 1.12. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a twelve month low of $42.57 and a twelve month high of $53.48.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same period in the prior year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, sell-side analysts expect that Oracle Co. will post 3.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were paid a $0.19 dividend. The ex-dividend date was Monday, October 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. Oracle’s payout ratio is currently 26.95%.
Oracle declared that its Board of Directors has initiated a share repurchase plan on Monday, September 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to buy up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
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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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