Toth Financial Advisory Corp grew its holdings in Oracle Co. (NYSE:ORCL) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,698 shares of the enterprise software provider’s stock after purchasing an additional 12,613 shares during the period. Toth Financial Advisory Corp’s holdings in Oracle were worth $4,771,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ORCL. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Oracle by 3.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 212,644 shares of the enterprise software provider’s stock valued at $11,421,000 after purchasing an additional 6,251 shares during the period. Belpointe Asset Management LLC increased its holdings in shares of Oracle by 6.1% in the 1st quarter. Belpointe Asset Management LLC now owns 17,615 shares of the enterprise software provider’s stock valued at $945,000 after purchasing an additional 1,018 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Oracle by 1.7% in 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 purchasing an additional 345,982 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of Oracle by 30.6% in the 1st quarter. Princeton Global Asset Management LLC now owns 7,900 shares of the enterprise software provider’s stock valued at $424,000 after purchasing an additional 1,850 shares during the period. Finally, Trust Co. of Toledo NA OH increased its holdings in shares of Oracle by 4.5% in the 1st quarter. Trust Co. of Toledo NA OH now owns 85,870 shares of the enterprise software provider’s stock valued at $4,612,000 after purchasing an additional 3,681 shares during the period. Institutional investors own 53.80% of the company’s stock.
In other news, EVP Dorian Daley sold 50,000 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $55.01, for a total value of $2,750,500.00. Following the completion of the sale, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at $2,750,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total value of $40,792,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The disclosure for this sale can be found here. Insiders have sold 845,143 shares of company stock valued at $43,950,409 in the last ninety days. Company insiders own 36.60% of the company’s stock.
Oracle stock traded down $0.11 during trading hours on Tuesday, reaching $56.35. 9,236,781 shares of the company were exchanged, compared to its average volume of 13,911,604. The firm has a market cap of $186.74 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.68 and a beta of 1.16. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67. The stock has a 50-day moving average of $53.79 and a 200 day moving average of $54.70. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50.
Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $9.22 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, research analysts forecast that Oracle Co. will post 3.47 EPS for the current year.
Oracle announced that its board has authorized a stock repurchase plan on Wednesday, September 11th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.70%. Oracle’s payout ratio is currently 30.38%.
A number of equities analysts have recently weighed in on ORCL shares. Jefferies Financial Group downgraded Oracle from a “buy” rating to a “hold” rating and dropped their target price for the company from $66.00 to $60.00 in a report on Monday, October 7th. BMO Capital Markets boosted their price target on Oracle from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Friday, September 27th. They noted that the move was a valuation call. Monness Crespi & Hardt reissued a “hold” rating on shares of Oracle in a research note on Tuesday, September 10th. UBS Group set a $57.00 price target on Oracle and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Co boosted their price target on Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Oracle presently has a consensus rating of “Hold” and a consensus target price of $56.38.
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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