EP Wealth Advisors LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 354,945 shares of the enterprise software provider’s stock after purchasing an additional 11,854 shares during the quarter. Oracle accounts for 1.8% of EP Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest holding. EP Wealth Advisors LLC’s holdings in Oracle were worth $16,782,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of ORCL. Acrospire Investment Management LLC raised its position in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the last quarter. Tarbox Family Office Inc. grew its stake in Oracle by 71.1% in the 4th 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 during the period. IHT Wealth Management LLC grew its stake in Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after purchasing an additional 947 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Oracle by 81,200.0% in the 3rd 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 during the period. Finally, ETF Managers Group LLC bought a new position in Oracle in the 2nd quarter valued at $133,000. 58.01% of the stock is currently owned by institutional investors.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $49.66, for a total value of $186,225.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 75,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $45.94, for a total value of $3,445,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 311,250 shares of company stock worth $14,943,988 in the last three months. 29.00% of the stock is currently owned by insiders.
A number of brokerages have issued reports on ORCL. Monness Crespi & Hardt began coverage on Oracle in a research note on Wednesday, April 11th. They issued a “neutral” rating for the company. Vetr upgraded Oracle from a “hold” rating to a “buy” rating and set a $51.77 price objective for the company in a research note on Monday, February 5th. Nomura began coverage on Oracle in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 price objective for the company. Morgan Stanley restated a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. Finally, Bank of America downgraded Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 20th. Seventeen analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Oracle currently has a consensus rating of “Buy” and a consensus price target of $56.11.
Shares of ORCL opened at $45.53 on Wednesday. The stock has a market cap of $191,373.80, a P/E ratio of 18.29, a P/E/G ratio of 1.71 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.30 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.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. research analysts expect that Oracle Co. will post 2.76 EPS for the current year.
Oracle announced that its board has authorized a stock repurchase plan on Friday, February 2nd that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.67%. Oracle’s dividend payout ratio (DPR) is 30.52%.
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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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