EP Wealth Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,922 shares of the enterprise software provider’s stock after purchasing an additional 550 shares during the quarter. EP Wealth Advisors LLC’s holdings in Oracle were worth $629,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in Oracle by 4,197.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,616,969 shares of the enterprise software provider’s stock valued at $302,000 after buying an additional 13,300,077 shares during the last quarter. Morgan Stanley raised its position in Oracle by 20.1% in the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock valued at $1,029,110,000 after buying an additional 3,340,653 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Oracle by 573.1% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,036,352 shares of the enterprise software provider’s stock valued at $137,091,000 after buying an additional 2,585,272 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Oracle in the 4th quarter valued at approximately $59,049,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in Oracle by 243.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,687,444 shares of the enterprise software provider’s stock valued at $66,648,000 after buying an additional 1,196,233 shares during the last quarter. 47.39% of the stock is currently owned by institutional investors.
ORCL stock opened at $54.48 on Thursday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $226.15 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.81 and a beta of 1.08. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $54.91.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. On average, research analysts predict that Oracle Co. will post 3.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.76%. This is an increase from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 34.04%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $51.51, for a total transaction of $193,162.50. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,440,683.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark V. Hurd sold 1,200,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $53.83, for a total value of $64,596,000.00. Following the transaction, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The disclosure for this sale can be found here. Insiders have sold a total of 1,773,750 shares of company stock valued at $95,395,063 over the last quarter. 32.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research report on Wednesday, March 13th. Exane BNP Paribas assumed coverage on Oracle in a research report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price on the stock. Credit Suisse Group set a $60.00 target price on Oracle and gave the company a “buy” rating in a research report on Monday, March 11th. UBS Group lifted their target price on Oracle to $54.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, Raymond James lifted their target price on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $52.53.
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Oracle Company Profile
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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