Roundview Capital LLC raised its position in Oracle Co. (NYSE:ORCL) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,044 shares of the enterprise software provider’s stock after buying an additional 300 shares during the period. Roundview Capital LLC’s holdings in Oracle were worth $848,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ORCL. Russell Investments Group Ltd. purchased a new position in Oracle during the fourth quarter worth $473,593,000. Fiduciary Management Inc. WI purchased a new position in Oracle during the fourth quarter worth $263,566,000. Asset Management One Co. Ltd. raised its position in Oracle by 1,534.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 5,640,219 shares of the enterprise software provider’s stock worth $216,961,000 after buying an additional 5,295,094 shares during the period. Tesco Pension Investment Ltd purchased a new position in Oracle during the third quarter worth $140,937,000. Finally, 1832 Asset Management L.P. raised its position in Oracle by 698.9% in the third quarter. 1832 Asset Management L.P. now owns 3,851,183 shares of the enterprise software provider’s stock worth $151,263,000 after buying an additional 3,369,107 shares during the period. Hedge funds and other institutional investors own 57.95% of the company’s stock.
Shares of Oracle Co. (NYSE:ORCL) traded down 0.22% during mid-day trading on Friday, hitting $44.43. The company’s stock had a trading volume of 11,556,016 shares. The company has a 50-day moving average of $44.10 and a 200 day moving average of $40.78. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99. The company has a market cap of $182.82 billion, a price-to-earnings ratio of 21.02 and a beta of 1.14. Oracle also saw some unusual options trading on Wednesday. Investors bought 714 put options on the company. This represents an increase of 205% compared to the typical volume of 234 put options.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost 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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A number of equities research analysts have commented on ORCL shares. Jefferies Group LLC raised their target price on Oracle to $52.00 in a report on Thursday, March 16th. Cowen and Company lifted their price target on Oracle to $48.00 in a research note on Thursday, March 16th. Wedbush lifted their price target on Oracle to $43.00 in a research note on Thursday, March 16th. Bank of America Corp lifted their price target on Oracle to $54.00 in a research note on Thursday, March 16th. Finally, TheStreet raised Oracle from a “c+” rating to a “b” rating in a research note on Tuesday, February 28th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $45.89.
In related news, CEO Mark V. Hurd sold 350,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $44.84, for a total value of $15,694,000.00. Following the completion of the sale, the chief executive officer now directly owns 553,891 shares in the company, valued at $24,836,472.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $40.95, for a total value of $153,562.50. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at $339,106.95. The disclosure for this sale can be found here. Insiders sold a total of 6,337,240 shares of company stock valued at $286,681,803 over the last quarter. 29.00% of the stock is owned by corporate 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.
