Rothschild Asset Management Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,892,607 shares of the enterprise software provider’s stock after selling 113,595 shares during the period. Oracle accounts for 1.0% of Rothschild Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Rothschild Asset Management Inc.’s holdings in Oracle were worth $86,587,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tarbox Family Office Inc. lifted its position in shares of Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 965 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in Oracle by 7.6% during the 3rd quarter. Oakworth Capital Inc. now owns 14,176 shares of the enterprise software provider’s stock worth $714,000 after purchasing an additional 1,000 shares in the last quarter. Burt Wealth Advisors lifted its holdings in Oracle by 46.5% during the 3rd quarter. Burt Wealth Advisors now owns 3,151 shares of the enterprise software provider’s stock worth $152,000 after purchasing an additional 1,000 shares in the last quarter. Cpwm LLC lifted its holdings in Oracle by 6.0% during the 4th quarter. Cpwm LLC now owns 17,625 shares of the enterprise software provider’s stock worth $833,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC lifted its holdings in Oracle by 0.6% during the 4th quarter. Pillar Pacific Capital Management LLC now owns 180,430 shares of the enterprise software provider’s stock worth $8,531,000 after purchasing an additional 1,017 shares in the last quarter. 56.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on ORCL shares. Credit Suisse Group dropped their price objective on Oracle from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, March 20th. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus cut Oracle from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Tuesday, March 20th. ValuEngine raised Oracle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, OTR Global cut Oracle to a “positive” rating in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $56.30.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Thursday, March 15th. The stock was 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 approximately $945,943.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Berg sold 75,000 shares of the 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 2,557,015 shares of company stock valued at $117,480,315 over the last 90 days. 29.00% of the stock is currently owned by company insiders.
Shares of Oracle stock opened at $46.90 on Thursday. 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 stock has a market cap of $191.95 billion, a PE ratio of 18.84, a PEG ratio of 1.71 and a beta of 1.15. Oracle Co. has a 12 month low of $43.74 and a 12 month high of $53.48.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. research analysts forecast that Oracle Co. will post 2.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th were given a dividend of $0.19 per share. The ex-dividend date was Monday, April 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.62%. Oracle’s dividend payout ratio (DPR) is presently 30.52%.
Oracle announced that its Board of Directors has authorized a stock repurchase plan on Friday, February 2nd that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Oracle Company Profile
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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