Salem Investment Counselors Inc. decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 61.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,567 shares of the enterprise software provider’s stock after selling 17,195 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Oracle were worth $477,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ORCL. Worldquant Millennium Quantitative Strategies LLC purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $1,484,000. HRT Financial LLC purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $1,141,000. Captrust Financial Advisors raised its position in shares of Oracle by 114.6% in the 3rd quarter. Captrust Financial Advisors now owns 89,593 shares of the enterprise software provider’s stock valued at $4,619,000 after purchasing an additional 47,840 shares during the last quarter. Koshinski Asset Management Inc. raised its position in shares of Oracle by 113.5% in the 3rd quarter. Koshinski Asset Management Inc. now owns 29,607 shares of the enterprise software provider’s stock valued at $1,527,000 after purchasing an additional 15,737 shares during the last quarter. Finally, Bridges Investment Management Inc. raised its position in shares of Oracle by 26.0% in the 3rd quarter. Bridges Investment Management Inc. now owns 67,056 shares of the enterprise software provider’s stock valued at $3,457,000 after purchasing an additional 13,816 shares during the last quarter. 47.39% of the stock is currently owned by institutional investors.
Shares of ORCL opened at $54.59 on Wednesday. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $54.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65. The firm has a market cap of $226.15 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.
Oracle (NYSE:ORCL) last announced its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The company 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 firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, analysts forecast that Oracle Co. will post 3.08 earnings per share for the current fiscal year.
The company 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 is a boost from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. Oracle’s payout ratio is presently 34.04%.
ORCL has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on shares of Oracle to $55.00 in a research report on Tuesday, December 18th. Credit Suisse Group reissued a “buy” rating and set a $60.00 price target on shares of Oracle in a research report on Monday, February 18th. Goldman Sachs Group reissued a “buy” rating and set a $55.00 price target on shares of Oracle in a research report on Thursday, February 14th. Sanford C. Bernstein reissued a “buy” rating and set a $57.00 price target on shares of Oracle in a research report on Tuesday, December 18th. Finally, Standpoint Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $42.69 price target for the company in a research report on Wednesday, December 26th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company. Oracle presently has a consensus rating of “Hold” and a consensus target price of $52.53.
In other Oracle news, Director Jeffrey Berg sold 37,500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $53.10, for a total transaction of $1,991,250.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $51.51, for a total transaction of $193,162.50. Following the sale, the director now owns 27,969 shares in the company, valued at $1,440,683.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,773,750 shares of company stock worth $95,395,063. Corporate insiders own 32.00% of the company’s stock.
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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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