Circle Wealth Management LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 52.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,777 shares of the enterprise software provider’s stock after acquiring an additional 3,022 shares during the period. Circle Wealth Management LLC’s holdings in Oracle were worth $415,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in ORCL. Acrospire Investment Management LLC lifted its holdings in shares of Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares in the last quarter. Tarbox Family Office Inc. lifted its holdings in shares of Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 965 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Oracle by 81,200.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $126,000. Finally, ETF Managers Group LLC purchased a new stake in shares of Oracle in the second quarter valued at $133,000. Institutional investors own 57.96% of the company’s stock.
Oracle stock opened at $46.23 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.30 and a current ratio of 4.33. The firm has a market cap of $193,816.17, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. Oracle Co. has a one year low of $43.60 and a one year high of $53.48.
Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. sell-side analysts predict that Oracle Co. will post 2.76 EPS for the current fiscal year.
Oracle announced that its board has initiated a share buyback plan on Friday, February 2nd that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, April 16th. Oracle’s payout ratio is 30.52%.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at $945,943.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 75,000 shares of the company’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $45.94, for a total transaction of $3,445,500.00. The disclosure for this sale can be found here. Insiders have sold 356,250 shares of company stock worth $17,254,288 over the last three months. Company insiders own 29.00% of the company’s stock.
A number of analysts have recently issued reports on ORCL shares. TheStreet lowered Oracle from a “b+” rating to a “c+” rating in a report on Monday, March 19th. Morgan Stanley upgraded Oracle from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $46.63 to $47.71 in a report on Wednesday, January 3rd. Credit Suisse Group restated a “buy” rating and issued a $62.00 target price on shares of Oracle in a report on Sunday, February 18th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Friday, March 23rd. Finally, Cleveland Research lowered Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Oracle has an average rating of “Buy” and an average price target of $56.11.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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