Regal Investment Advisors LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,436 shares of the enterprise software provider’s stock, valued at approximately $2,006,000.
Several other institutional investors and hedge funds have also modified their holdings of ORCL. Strategy Asset Managers LLC increased its position in Oracle by 22.3% in the third quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock worth $12,443,000 after buying an additional 46,866 shares during the last quarter. BT Investment Management Ltd purchased a new stake in Oracle in the second quarter worth $459,738,000. CIBC World Markets Inc. increased its position in Oracle by 51.3% in the second quarter. CIBC World Markets Inc. now owns 231,515 shares of the enterprise software provider’s stock worth $11,608,000 after buying an additional 78,482 shares during the last quarter. Polen Capital Management LLC increased its position in Oracle by 7.3% in the second quarter. Polen Capital Management LLC now owns 12,620,261 shares of the enterprise software provider’s stock worth $632,780,000 after buying an additional 854,240 shares during the last quarter. Finally, Israel Discount Bank of New York increased its position in Oracle by 0.5% in the second quarter. Israel Discount Bank of New York now owns 18,025 shares of the enterprise software provider’s stock worth $904,000 after buying an additional 90 shares during the last quarter. 57.93% of the stock is owned by institutional investors.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total value of $186,450.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $901,175. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the completion of the sale, the executive vice president now directly owns 37,576 shares of the company’s stock, valued at approximately $1,953,952. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,856,250 shares of company stock valued at $93,571,688. Corporate insiders own 29.00% of the company’s stock.
Shares of ORCL stock opened at $44.79 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 5.04 and a current ratio of 4.33. Oracle Co. has a 52 week low of $43.60 and a 52 week high of $53.48. The stock has a market capitalization of $189,966.33, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. sell-side analysts forecast that Oracle Co. will post 2.76 EPS for the current year.
Oracle announced that its board has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.70%. Oracle’s dividend payout ratio (DPR) is currently 92.68%.
A number of analysts have issued reports on the company. Cleveland Research reissued a “hold” rating on shares of Oracle in a research report on Saturday, March 17th. Wedbush reissued an “outperform” rating and issued a $55.00 target price on shares of Oracle in a research report on Tuesday. William Blair reissued a “market perform” rating on shares of Oracle in a research report on Tuesday. Nomura downgraded Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Friday. Fifteen research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $56.11.
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Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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