Edge Wealth Management LLC boosted its position in Oracle Co. (NYSE:ORCL) by 101.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,590 shares of the enterprise software provider’s stock after buying an additional 800 shares during the quarter. Edge Wealth Management LLC’s holdings in Oracle were worth $72,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Csenge Advisory Group bought a new position in Oracle in the third quarter valued at approximately $25,000. Arlington Partners LLC boosted its stake in shares of Oracle by 1.5% during the 4th quarter. Arlington Partners LLC now owns 42,505 shares of the enterprise software provider’s stock worth $1,919,000 after acquiring an additional 625 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Oracle by 9.7% during the 4th quarter. North Star Investment Management Corp. now owns 10,410 shares of the enterprise software provider’s stock worth $470,000 after acquiring an additional 920 shares during the period. WASHINGTON TRUST Co boosted its stake in shares of Oracle by 4.2% during the 3rd quarter. WASHINGTON TRUST Co now owns 25,547 shares of the enterprise software provider’s stock worth $1,317,000 after acquiring an additional 1,032 shares during the period. Finally, Cypress Capital Group boosted its stake in shares of Oracle by 3.9% during the 3rd quarter. Cypress Capital Group now owns 28,108 shares of the enterprise software provider’s stock worth $1,449,000 after acquiring an additional 1,052 shares during the period. 50.97% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on ORCL shares. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 target price on shares of Oracle in a research note on Tuesday, September 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $53.00 target price on shares of Oracle in a research note on Tuesday, September 18th. Stifel Nicolaus reiterated a “hold” rating and set a $49.00 target price (down from $50.00) on shares of Oracle in a research note on Tuesday, September 18th. Wedbush reiterated a “neutral” rating and set a $49.00 target price on shares of Oracle in a research note on Tuesday, September 18th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $60.00 target price on shares of Oracle in a research note on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.48.
ORCL opened at $48.29 on Friday. The firm has a market capitalization of $197.79 billion, a P/E ratio of 17.12, a PEG ratio of 1.59 and a beta of 1.04. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $53.48. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The firm had revenue of $9.57 billion during the quarter, compared to analysts’ expectations of $9.52 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 EPS. On average, research analysts expect that Oracle Co. will post 3.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 16th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 15th. This represents a $0.76 annualized dividend and a yield of 1.57%. Oracle’s dividend payout ratio is presently 26.95%.
Oracle declared that its Board of Directors has authorized a stock buyback plan on Monday, September 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Oracle news, EVP Dorian Daley sold 25,000 shares of Oracle stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 102,919 shares of the company’s stock, valued at approximately $4,631,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $50.01, for a total value of $187,537.50. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,398,729.69. The disclosure for this sale can be found here. Insiders sold a total of 42,552 shares of company stock valued at $1,936,336 over the last ninety days. Insiders own 32.00% of the company’s stock.
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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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