Massmutual Trust Co. FSB ADV lowered its stake in Oracle Co. (NYSE:ORCL – Get Rating) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,631 shares of the enterprise software provider’s stock after selling 1,314 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Oracle were worth $714,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its holdings in Oracle by 3.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 88,837 shares of the enterprise software provider’s stock worth $7,748,000 after purchasing an additional 3,345 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Oracle by 14.6% in the 3rd quarter. Cetera Advisors LLC now owns 31,914 shares of the enterprise software provider’s stock worth $2,781,000 after purchasing an additional 4,067 shares in the last quarter. Autumn Glory Partners LLC purchased a new stake in shares of Oracle in the 4th quarter worth $3,992,000. Stonnington Group LLC increased its stake in shares of Oracle by 608.5% in the 4th quarter. Stonnington Group LLC now owns 29,253 shares of the enterprise software provider’s stock worth $2,588,000 after purchasing an additional 25,124 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Oracle by 4.1% in the 4th quarter. Whittier Trust Co. now owns 174,580 shares of the enterprise software provider’s stock worth $15,225,000 after purchasing an additional 6,862 shares in the last quarter. Institutional investors own 42.33% of the company’s stock.
ORCL has been the subject of several analyst reports. Exane BNP Paribas upgraded Oracle from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 29th. BMO Capital Markets reduced their price objective on Oracle from $92.00 to $86.00 in a research note on Tuesday, June 14th. Morgan Stanley increased their price target on Oracle from $87.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Monday, June 6th. Deutsche Bank Rese… set a $110.00 price target on Oracle in a research note on Monday. Finally, Daiwa Capital Markets assumed coverage on Oracle in a research note on Friday, April 1st. They issued a “neutral” rating and a $87.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Hold” and an average target price of $90.13.
Oracle (NYSE:ORCL – Get Rating) last announced its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.17. The business had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 4.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, July 11th. Oracle’s payout ratio is currently 53.33%.
In other news, CEO Safra Catz sold 1,000,000 shares of Oracle stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $68.08, for a total transaction of $68,080,000.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $76,153,743.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Renee Jo James sold 6,000 shares of Oracle stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $84.11, for a total transaction of $504,660.00. Following the sale, the director now directly owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The disclosure for this sale can be found here. In the last three months, insiders sold 2,006,000 shares of company stock valued at $135,454,660. 43.40% of the stock is owned by insiders.
Oracle Profile (Get Rating)
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite.
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