Cetera Advisors LLC reduced its position in Oracle Co. (NYSE:ORCL) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,903 shares of the enterprise software provider’s stock after selling 1,744 shares during the period. Cetera Advisors LLC’s holdings in Oracle were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Csenge Advisory Group purchased a new stake in shares of Oracle in the third quarter valued at about $25,000. Massey Quick Simon & CO. LLC grew its holdings in shares of Oracle by 220.9% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after purchasing an additional 413 shares during the period. Riverview Trust Co purchased a new stake in shares of Oracle in the fourth quarter valued at about $35,000. Truehand Inc purchased a new stake in shares of Oracle in the fourth quarter valued at about $36,000. Finally, ERTS Wealth Advisors LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 47.41% of the company’s stock.
Shares of ORCL opened at $54.63 on Tuesday. The stock has a market cap of $222.67 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $54.75. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. As a group, analysts predict that Oracle Co. will post 3.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio is currently 34.04%.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $51.54, for a total transaction of $193,275.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,441,522.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $52.84, for a total transaction of $6,605,000.00. The disclosure for this sale can be found here. Insiders have sold 1,770,000 shares of company stock worth $95,190,688 in the last three months. Corporate insiders own 32.00% of the company’s stock.
A number of brokerages recently issued reports on ORCL. DZ Bank reissued a “sell” rating on shares of Oracle in a report on Tuesday, March 19th. Nomura reaffirmed a “reduce” rating and issued a $42.00 target price (down previously from $53.00) on shares of Oracle in a research report on Monday, March 11th. Royal Bank of Canada upped their target price on shares of Oracle to $57.00 and gave the company a “sector perform” rating in a research report on Friday, March 15th. Raymond James upped their target price on shares of Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, UBS Group upped their target price on shares of Oracle to $54.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the company. Oracle presently has an average rating of “Hold” and a consensus price target of $52.53.
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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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