MIG Capital LLC acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,987 shares of the enterprise software provider's stock, valued at approximately $331,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Norges Bank acquired a new stake in Oracle during the fourth quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. bought a new position in Oracle in the fourth quarter worth about $930,095,000. Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. Polen Capital Management LLC grew its stake in Oracle by 22.3% during the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock worth $1,787,003,000 after buying an additional 1,955,764 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Oracle
In other news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,448,328 shares of company stock worth $453,791,001 over the last ninety days. Company insiders own 42.20% of the company's stock.
Oracle Stock Down 6.6 %
Shares of NYSE ORCL traded down $9.06 during mid-day trading on Friday, reaching $128.17. 14,968,758 shares of the company traded hands, compared to its average volume of 9,111,905. The company's fifty day moving average is $160.05 and its two-hundred day moving average is $169.38. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The stock has a market cap of $358.48 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 EPS. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current year.
Oracle Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Oracle's payout ratio is currently 46.95%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on ORCL shares. UBS Group reaffirmed a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. KeyCorp reaffirmed an "overweight" rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. DA Davidson reissued a "neutral" rating and issued a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Finally, JMP Securities restated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.65.
Get Our Latest Stock Analysis on ORCL
Oracle Company Profile
(
Free Report)
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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