Royal Fund Management LLC Purchases Shares of 1,116 Oracle Co. (NYSE:ORCL)

Royal Fund Management LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the first quarter, HoldingsChannel reports. The institutional investor purchased 1,116 shares of the enterprise software provider’s stock, valued at approximately $53,000.

A number of other hedge funds have also made changes to their positions in the business. Northwestern Mutual Investment Management Company LLC lifted its position in Oracle by 244.9% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 290,223 shares of the enterprise software provider’s stock valued at $14,026,000 after buying an additional 206,066 shares in the last quarter. AGF Investments Inc. raised its stake in shares of Oracle by 6.9% during the first quarter. AGF Investments Inc. now owns 369,382 shares of the enterprise software provider’s stock valued at $17,852,000 after purchasing an additional 23,754 shares during the period. Wrapmanager Inc. raised its stake in shares of Oracle by 39.8% during the first quarter. Wrapmanager Inc. now owns 7,445 shares of the enterprise software provider’s stock valued at $360,000 after purchasing an additional 2,120 shares during the period. Quadrant Private Wealth Management LLC raised its stake in shares of Oracle by 6.5% during the first quarter. Quadrant Private Wealth Management LLC now owns 137,214 shares of the enterprise software provider’s stock valued at $6,632,000 after purchasing an additional 8,370 shares during the period. Finally, Trexquant Investment LP raised its stake in shares of Oracle by 116.9% during the first quarter. Trexquant Investment LP now owns 186,679 shares of the enterprise software provider’s stock valued at $9,022,000 after purchasing an additional 100,617 shares during the period. 50.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on ORCL. Societe Generale upgraded shares of Oracle from a “hold” rating to a “buy” rating and dropped their price objective for the company from $62.00 to $61.00 in a research note on Wednesday, March 4th. UBS Group dropped their price target on shares of Oracle from $57.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Raymond James dropped their price target on shares of Oracle from $61.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. JPMorgan Chase & Co. upgraded shares of Oracle from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $51.00 to $55.00 in a research note on Friday, March 20th. Finally, Barclays restated a “neutral” rating and issued a $50.00 price target on shares of Oracle in a research note on Friday, March 13th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Oracle presently has an average rating of “Hold” and an average price target of $53.57.

In other news, Director Charles W. Moorman purchased 10,000 shares of Oracle stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of $45.23 per share, with a total value of $452,300.00. Following the completion of the acquisition, the director now owns 18,561 shares in the company, valued at approximately $839,514.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles W. Moorman purchased 20,000 shares of Oracle stock in a transaction dated Thursday, March 26th. The shares were purchased at an average cost of $48.59 per share, with a total value of $971,800.00. Following the acquisition, the director now owns 38,561 shares of the company’s stock, valued at approximately $1,873,678.99. The disclosure for this purchase can be found here. Insiders own 36.60% of the company’s stock.

Shares of ORCL opened at $52.62 on Friday. Oracle Co. has a 1 year low of $39.71 and a 1 year high of $60.50. The company has a market cap of $164.68 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a fifty day moving average of $52.51 and a 200-day moving average of $52.99.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $9.80 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts predict that Oracle Co. will post 3.47 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, April 8th. Oracle’s dividend payout ratio (DPR) is 30.38%.

Oracle announced that its board has authorized a stock repurchase program on Thursday, March 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to reacquire up to 9.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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