IFM Investors Pty Ltd increased its holdings in Oracle Co. (NYSE:ORCL) by 13.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 195,528 shares of the enterprise software provider’s stock after buying an additional 23,068 shares during the period. IFM Investors Pty Ltd’s holdings in Oracle were worth $12,649,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the stock. Baron Financial Group LLC bought a new position in Oracle during the 3rd quarter worth $30,000. Kathmere Capital Management LLC bought a new position in shares of Oracle during the third quarter worth about $31,000. Price Wealth LLC increased its holdings in shares of Oracle by 153.0% in the 3rd quarter. Price Wealth LLC now owns 587 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 355 shares during the period. Atticus Wealth Management LLC increased its holdings in shares of Oracle by 74.5% in the 3rd quarter. Atticus Wealth Management LLC now owns 698 shares of the enterprise software provider’s stock worth $42,000 after acquiring an additional 298 shares during the period. Finally, Rockbridge Investment Management LCC bought a new stake in Oracle in the 2nd quarter valued at about $44,000. 48.24% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $61.63, for a total value of $6,163,000.00. Following the completion of the sale, the executive vice president now directly owns 100,000 shares of the company’s stock, valued at $6,163,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 14th. The stock was sold at an average price of $60.91, for a total transaction of $1,522,750.00. Following the sale, the director now owns 70,215 shares of the company’s stock, valued at $4,276,795.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 325,000 shares of company stock worth $20,685,750. Company insiders own 39.10% of the company’s stock.
Shares of NYSE:ORCL traded down $0.36 during midday trading on Wednesday, reaching $62.06. The company had a trading volume of 7,991,255 shares, compared to its average volume of 8,552,234. The company has a fifty day simple moving average of $62.10 and a two-hundred day simple moving average of $58.43. The firm has a market cap of $182.71 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Oracle Co. has a 1-year low of $39.71 and a 1-year high of $66.20. The company has a debt-to-equity ratio of 6.68, a quick ratio of 2.66 and a current ratio of 2.66.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, December 9th. The enterprise software provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.06. Oracle had a net margin of 26.13% and a return on equity of 85.71%. The company had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Oracle Co. will post 3.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 21st. Shareholders of record on Thursday, January 7th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.55%. The ex-dividend date is Wednesday, January 6th. Oracle’s payout ratio is 27.75%.
A number of research firms have recently weighed in on ORCL. Barclays lifted their price target on Oracle from $62.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, December 11th. ValuEngine downgraded Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, December 1st. Oppenheimer reissued a “hold” rating on shares of Oracle in a research note on Friday, December 11th. BidaskClub cut shares of Oracle from a “hold” rating to a “sell” rating in a research note on Thursday, January 7th. Finally, Monness Crespi & Hardt raised shares of Oracle from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Friday, December 18th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and an average price target of $64.34.
Oracle Company Profile
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.
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