Aspire Private Capital LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,946 shares of the enterprise software provider’s stock, valued at approximately $133,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Csenge Advisory Group purchased a new position in Oracle in the 3rd quarter valued at $25,000. Massey Quick Simon & CO. LLC grew its position in Oracle by 220.9% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after buying an additional 413 shares during the last quarter. Riverview Trust Co acquired a new stake in Oracle in the fourth quarter valued at $35,000. Truehand Inc acquired a new stake in Oracle in the fourth quarter valued at $36,000. Finally, ERTS Wealth Advisors LLC acquired a new stake in Oracle in the fourth quarter valued at $36,000. 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 Monday, April 15th. The shares were sold at an average price of $54.50, for a total value of $204,375.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,524,310.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 125,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $52.84, for a total transaction of $6,605,000.00. 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 in the last ninety days. Corporate insiders own 32.00% of the company’s stock.
A number of research firms have commented on ORCL. DZ Bank reissued a “sell” rating on shares of Oracle in a report on Tuesday, March 19th. Nomura reissued a “reduce” rating and issued a $42.00 target price (down previously from $53.00) on shares of Oracle in a report on Monday, March 11th. Royal Bank of Canada raised their target price on Oracle to $57.00 and gave the company a “sector perform” rating in a report on Friday, March 15th. Raymond James raised their target price on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Finally, UBS Group raised their target price on Oracle to $54.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.53.
NYSE:ORCL opened at $54.52 on Friday. The firm has a market cap of $225.69 billion, a PE ratio of 19.33, a PEG ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $54.91.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The business 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. On average, analysts expect that Oracle Co. will post 3.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.19. Oracle’s payout ratio is 34.04%.
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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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