Massmutual Trust Co. FSB ADV reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,830 shares of the enterprise software provider’s stock after selling 8,685 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Oracle were worth $3,514,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Csenge Advisory Group purchased a new stake in Oracle during the third quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC increased its holdings in Oracle by 220.9% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after buying an additional 413 shares during the last quarter. Riverview Trust Co purchased a new stake in Oracle during the fourth quarter valued at approximately $35,000. Truehand Inc purchased a new stake in Oracle during the fourth quarter valued at approximately $36,000. Finally, ERTS Wealth Advisors LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $36,000. 47.39% of the stock is owned by institutional investors and hedge funds.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $51.51, for a total transaction of $193,162.50. Following the completion of the transaction, the director now owns 27,969 shares in the company, valued at $1,440,683.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark V. Hurd sold 1,200,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the transaction, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at approximately $89,585,339.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,773,750 shares of company stock valued at $95,395,063. 32.00% of the stock is owned by company insiders.
Shares of NYSE:ORCL opened at $54.52 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $54.91. The firm has a market cap of $225.69 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.81 and a beta of 1.08.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. Oracle’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 3.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be given a dividend of $0.24 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. Oracle’s dividend payout ratio is currently 34.04%.
A number of brokerages have recently issued reports on ORCL. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research note on Wednesday, March 13th. Exane BNP Paribas began coverage on shares of Oracle in a research note on Friday, March 29th. They issued a “neutral” rating and a $50.00 price objective for the company. Credit Suisse Group set a $60.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research note on Monday, March 11th. UBS Group increased their price objective on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Finally, Raymond James increased their price objective on shares of Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.53.
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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