Foster Group Inc. increased its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,753 shares of the enterprise software provider’s stock after purchasing an additional 170 shares during the quarter. Foster Group Inc.’s holdings in Oracle were worth $1,995,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC lifted its holdings in Oracle by 843.3% in the first quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 253 shares during the period. Clear Investment Research LLC acquired a new position in Oracle in the fourth quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. acquired a new position in Oracle in the first quarter valued at approximately $30,000. Steward Financial Group LLC acquired a new position in Oracle in the fourth quarter valued at approximately $27,000. Finally, Altshuler Shaham Ltd acquired a new position in Oracle in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on ORCL. DA Davidson cut their price objective on Oracle from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com began coverage on Oracle in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Bank of America boosted their price objective on Oracle from $112.00 to $132.00 in a research report on Tuesday, June 13th. Wolfe Research boosted their price objective on Oracle from $130.00 to $140.00 in a research report on Tuesday, June 13th. Finally, BMO Capital Markets boosted their price objective on Oracle from $96.00 to $132.00 in a research report on Tuesday, June 13th. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.
Oracle Trading Up 0.2 %
ORCL traded up $0.25 during mid-day trading on Friday, hitting $113.91. 23,215,012 shares of the stock were exchanged, compared to its average volume of 13,743,533. The firm’s fifty day moving average is $117.29 and its two-hundred day moving average is $105.95. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $127.54. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 29.72. The company has a market cap of $312.09 billion, a PE ratio of 33.90, a PEG ratio of 2.97 and a beta of 1.00.
Oracle (NYSE:ORCL – Get Free Report) last posted its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The firm had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the prior year, the company earned $0.81 EPS. Oracle’s revenue was up 8.8% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 4.49 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.40%. Oracle’s dividend payout ratio (DPR) is 47.62%.
Insiders Place Their Bets
In other news, insider Edward Screven sold 354,837 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Edward Screven sold 354,837 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $123.10, for a total value of $215,425,000.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $141,039,652,654.30. The disclosure for this sale can be found here. Insiders have sold a total of 3,949,837 shares of company stock worth $482,142,887 in the last quarter. 43.70% of the stock is owned by company insiders.
Oracle Corporation offers 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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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