Psagot Investment House Ltd. cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 63.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,590 shares of the enterprise software provider’s stock after selling 307,834 shares during the period. Psagot Investment House Ltd.’s holdings in Oracle were worth $7,883,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of ORCL. Northern Trust Corp raised its holdings in Oracle by 0.6% during the 4th quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock worth $1,821,360,000 after purchasing an additional 238,058 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Oracle by 5.1% during the 3rd quarter. Clearbridge Investments LLC now owns 21,161,401 shares of the enterprise software provider’s stock worth $1,091,082,000 after purchasing an additional 1,022,017 shares during the last quarter. Morgan Stanley raised its holdings in Oracle by 20.1% during the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock worth $1,029,110,000 after purchasing an additional 3,340,653 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Oracle by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 14,543,137 shares of the enterprise software provider’s stock worth $656,623,000 after purchasing an additional 420,553 shares during the last quarter. Finally, Yacktman Asset Management LP raised its holdings in Oracle by 3.2% during the 4th quarter. Yacktman Asset Management LP now owns 13,701,527 shares of the enterprise software provider’s stock worth $618,624,000 after purchasing an additional 419,509 shares during the last quarter. Institutional investors and hedge funds own 47.39% of the company’s stock.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $51.51, for a total value of $193,162.50. Following the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,440,683.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark V. Hurd sold 1,200,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total value of $64,596,000.00. Following the completion of the sale, the chief executive officer now owns 1,664,227 shares in the company, valued at $89,585,339.41. The disclosure for this sale can be found here. Insiders sold a total of 1,773,750 shares of company stock worth $95,395,063 over the last three months. 32.00% of the stock is owned by insiders.
Several research analysts have issued reports on ORCL shares. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Mitsubishi UFJ Financial Group raised their price target on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Morgan Stanley lowered shares of Oracle from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $57.00 to $53.00 in a research note on Tuesday, January 15th. BNP Paribas began coverage on shares of Oracle in a research note on Friday, March 29th. They issued a “neutral” rating and a $50.00 price objective for the company. Finally, Goldman Sachs Group restated a “buy” rating and set a $55.00 price target on shares of Oracle in a research note on Thursday, February 14th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $52.53.
ORCL opened at $54.48 on Thursday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 2.13. The firm has a market cap of $226.15 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.81 and a beta of 1.08. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $54.91.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, analysts expect that Oracle Co. will post 3.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be issued a $0.24 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. Oracle’s payout ratio is 34.04%.
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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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