Northwestern Mutual Wealth Management Co. decreased its position in shares of Oracle Co. (NYSE:ORCL) by 18.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,875 shares of the enterprise software provider’s stock after selling 23,861 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Oracle were worth $4,973,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC raised its position in shares of Oracle by 190.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,116 shares of the enterprise software provider’s stock valued at $748,000 after buying an additional 9,249 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in Oracle in the fourth quarter worth about $724,000. Signet Financial Management LLC raised its position in Oracle by 1.1% in the fourth quarter. Signet Financial Management LLC now owns 17,964 shares of the enterprise software provider’s stock worth $952,000 after purchasing an additional 200 shares in the last quarter. Breiter Capital Management Inc. raised its position in Oracle by 1.4% in the fourth quarter. Breiter Capital Management Inc. now owns 17,632 shares of the enterprise software provider’s stock worth $934,000 after purchasing an additional 239 shares in the last quarter. Finally, Hollencrest Capital Management raised its position in Oracle by 1.5% in the fourth quarter. Hollencrest Capital Management now owns 50,920 shares of the enterprise software provider’s stock worth $2,697,000 after purchasing an additional 753 shares in the last quarter. 50.64% of the stock is owned by hedge funds and other institutional investors.
In other Oracle news, Director Charles W. Moorman acquired 10,000 shares of Oracle stock in a transaction on Monday, March 23rd. The shares were purchased at an average cost of $45.23 per share, with a total value of $452,300.00. Following the completion of the purchase, the director now owns 18,561 shares in the company, valued at $839,514.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $51.73, for a total transaction of $51,730,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,368,592 shares in the company, valued at $122,527,264.16. The disclosure for this sale can be found here. 36.60% of the stock is owned by corporate insiders.
Several research firms recently issued reports on ORCL. Goldman Sachs Group reissued a “buy” rating and issued a $52.00 price target on shares of Oracle in a research report on Thursday, March 26th. Royal Bank of Canada dropped their price target on shares of Oracle from $57.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Exane BNP Paribas raised shares of Oracle from a “neutral” rating to an “outperform” rating and set a $55.00 price target for the company in a research report on Tuesday, March 31st. Jefferies Financial Group reissued a “neutral” rating and issued a $55.00 price target on shares of Oracle in a research report on Thursday, April 9th. Finally, BMO Capital Markets dropped their price target on shares of Oracle from $62.00 to $46.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.57.
ORCL opened at $52.62 on Friday. Oracle Co. has a one year low of $39.71 and a one year high of $60.50. The company has a debt-to-equity ratio of 3.31, a current ratio of 2.12 and a quick ratio of 2.12. The company’s 50 day simple moving average is $52.51 and its 200-day simple moving average is $52.99. The stock has a market capitalization of $164.68 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Oracle had a net margin of 27.06% and a return on equity of 64.68%. The business had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. Oracle’s revenue was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 3.47 EPS for the current year.
Oracle declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to purchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. Oracle’s dividend payout ratio (DPR) is currently 30.38%.
Oracle Company Profile
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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