Fiduciary Management Inc. WI decreased its position in Oracle Co. (NYSE:ORCL) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,349,770 shares of the enterprise software provider’s stock after selling 37,637 shares during the period. Oracle accounts for approximately 1.8% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its 25th largest position. Fiduciary Management Inc. WI’s holdings in Oracle were worth $307,011,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its holdings in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares during the last quarter. Burt Wealth Advisors lifted its holdings in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after acquiring an additional 88 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after acquiring an additional 947 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of Oracle by 17.4% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock worth $135,000 after acquiring an additional 400 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.
Shares of Oracle Co. (NYSE:ORCL) opened at $48.09 on Tuesday. Oracle Co. has a 52-week low of $40.01 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The company has a market cap of $207,518.25, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts anticipate that Oracle Co. will post 2.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio is presently 32.62%.
Oracle declared that its board has approved a share buyback plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Several equities analysts have recently commented on ORCL shares. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus restated a “buy” rating on shares of Oracle in a report on Sunday, October 22nd. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.74 price objective on the stock. in a report on Tuesday, October 24th. Finally, UBS Group restated a “neutral” rating and issued a $55.00 price objective (down from $57.00) on shares of Oracle in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $55.39.
In related news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total value of $2,310,300.00. Following the transaction, the director now directly owns 62,498 shares of the company’s stock, valued at approximately $3,208,647.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the transaction, the director now directly owns 18,125 shares in the company, valued at $877,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,956,250 shares of company stock worth $98,313,363. Insiders own 29.00% of the company’s stock.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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