Girard Securities Inc. raised its position in Oracle Co. (NYSE:ORCL) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,431 shares of the enterprise software provider’s stock after buying an additional 165 shares during the period. Girard Securities Inc.’s holdings in Oracle were worth $247,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 107,202 shares during the period. Proficio Capital Partners LLC increased its stake in Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 135 shares during the period. Penserra Capital Management LLC increased its stake in Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock worth $128,000 after buying an additional 1,283 shares during the period. First Bank & Trust acquired a new stake in Oracle during the fourth quarter worth approximately $141,000. Finally, Valley National Advisers Inc. increased its stake in Oracle by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock worth $144,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 57.95% of the company’s stock.
Shares of Oracle Co. (NYSE:ORCL) traded down 0.22% on Friday, reaching $44.43. The company’s stock had a trading volume of 11,556,016 shares. The company’s 50 day moving average is $44.10 and its 200-day moving average is $40.78. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99. The stock has a market cap of $182.82 billion, a PE ratio of 21.02 and a beta of 1.14. Oracle also was the target of some unusual options trading on Wednesday. Traders acquired 714 put options on the company. This represents an increase of 205% compared to the typical volume of 234 put options.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.71%. This is an increase from Oracle’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 10th. Oracle’s dividend payout ratio is presently 28.99%.
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Several research firms have recently issued reports on ORCL. BTIG Research reaffirmed a “buy” rating and set a $47.00 price target on shares of Oracle in a research note on Thursday, March 16th. Wunderlich reissued a “hold” rating and issued a $46.00 target price (up previously from $43.00) on shares of Oracle in a research note on Monday, March 20th. Pacific Crest reissued an “equal weight” rating on shares of Oracle in a research note on Monday, March 20th. Vetr raised shares of Oracle from a “hold” rating to a “buy” rating and set a $47.09 target price for the company in a research note on Monday, March 20th. Finally, Wedbush reissued a “neutral” rating and issued a $43.00 target price on shares of Oracle in a research note on Wednesday, March 29th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.89.
In other Oracle news, insider Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $46.61, for a total transaction of $18,644,000.00. Following the completion of the sale, the insider now directly owns 400,000 shares in the company, valued at approximately $18,644,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Safra Catz sold 3,000,000 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $44.99, for a total value of $134,970,000.00. Following the sale, the chief executive officer now owns 3,461,860 shares of the company’s stock, valued at $155,749,081.40. The disclosure for this sale can be found here. Insiders sold 6,337,240 shares of company stock valued at $286,681,803 over the last 90 days. 29.00% of the stock is currently owned by company insiders.
Oracle Company Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
