Tiedemann Advisors LLC decreased its stake in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,202,796 shares of the enterprise software provider’s stock after selling 23,037 shares during the period. Oracle accounts for about 6.3% of Tiedemann Advisors LLC’s holdings, making the stock its 3rd largest position. Tiedemann Advisors LLC owned about 0.07% of Oracle worth $125,493,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Clearbridge Investments LLC increased its holdings in shares of Oracle by 1.7% during the 1st quarter. Clearbridge Investments LLC now owns 20,778,045 shares of the enterprise software provider’s stock valued at $1,115,989,000 after acquiring an additional 345,982 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Oracle by 3.8% in the 2nd quarter. Fisher Asset Management LLC now owns 15,567,402 shares of the enterprise software provider’s stock valued at $886,875,000 after buying an additional 562,921 shares during the last quarter. Polen Capital Management LLC grew its holdings in Oracle by 3.1% in the 2nd quarter. Polen Capital Management LLC now owns 14,444,171 shares of the enterprise software provider’s stock valued at $822,884,000 after buying an additional 430,254 shares during the last quarter. Boston Partners grew its holdings in Oracle by 5.0% in the 1st quarter. Boston Partners now owns 13,088,162 shares of the enterprise software provider’s stock valued at $702,965,000 after buying an additional 626,663 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in Oracle by 1.5% in the 2nd quarter. Fiera Capital Corp now owns 9,684,424 shares of the enterprise software provider’s stock valued at $551,721,000 after buying an additional 146,183 shares during the last quarter. 53.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of ORCL stock traded down $0.09 during mid-day trading on Friday, reaching $53.80. The stock had a trading volume of 695,354 shares, compared to its average volume of 9,948,703. The firm’s 50 day simple moving average is $54.15 and its 200 day simple moving average is $54.46. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31. Oracle Co. has a one year low of $42.40 and a one year high of $60.50. The firm has a market cap of $185.04 billion, a PE ratio of 17.02, a P/E/G ratio of 1.62 and a beta of 1.18.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company had revenue of $9.22 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter last year, the company earned $0.71 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 3.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.78%. Oracle’s dividend payout ratio is currently 30.38%.
A number of analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $60.00 target price (up previously from $59.00) on shares of Oracle in a report on Thursday. UBS Group set a $57.00 target price on Oracle and gave the company a “neutral” rating in a report on Thursday. Credit Suisse Group set a $62.00 target price on Oracle and gave the company a “buy” rating in a report on Thursday. Morgan Stanley raised their target price on Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. set a $56.00 target price on Oracle and gave the company a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the company. Oracle has a consensus rating of “Hold” and an average target price of $55.88.
In related news, CAO W Corey West sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares in the company, valued at approximately $4,800,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total value of $40,792,500.00. Following the transaction, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at approximately $53,807,509. The disclosure for this sale can be found here. Insiders sold a total of 2,140,000 shares of company stock valued at $117,501,425 in the last quarter. Corporate insiders own 32.00% of the company’s stock.
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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