Adell Harriman & Carpenter Inc. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,365 shares of the enterprise software provider’s stock after selling 3,475 shares during the quarter. Oracle makes up about 1.2% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 29th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in Oracle were worth $5,549,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Rand Wealth LLC grew its stake in Oracle by 4.6% in the 4th quarter. Rand Wealth LLC now owns 32,219 shares of the enterprise software provider’s stock valued at $1,523,000 after acquiring an additional 1,415 shares during the period. Stephens Inc. AR grew its stake in Oracle by 6.7% in the 4th quarter. Stephens Inc. AR now owns 177,475 shares of the enterprise software provider’s stock valued at $8,391,000 after acquiring an additional 11,121 shares during the period. Calton & Associates Inc. acquired a new stake in Oracle in the 4th quarter valued at $449,000. American Century Companies Inc. grew its stake in Oracle by 9.7% in the 4th quarter. American Century Companies Inc. now owns 13,843,616 shares of the enterprise software provider’s stock valued at $654,526,000 after acquiring an additional 1,223,459 shares during the period. Finally, Quadrant Private Wealth Management LLC acquired a new stake in Oracle in the 4th quarter valued at $5,911,000. 57.93% of the stock is owned by hedge funds and other institutional investors.
Shares of ORCL stock opened at $47.05 on Wednesday. The stock has a market cap of $216,377.00, a PE ratio of 20.19, a P/E/G ratio of 1.99 and a beta of 1.05. Oracle Co. has a fifty-two week low of $43.60 and a fifty-two week high of $53.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. Oracle’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. equities analysts predict that Oracle Co. will post 2.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.
Oracle announced that its Board of Directors has initiated a share buyback program on Thursday, December 14th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of equities research analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $55.00 price target on shares of Oracle in a research note on Tuesday. Cleveland Research reissued a “hold” rating on shares of Oracle in a research note on Saturday. William Blair reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday. Nomura cut shares of Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. set a $55.00 target price on shares of Oracle and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-four have given a buy rating to the company’s stock. Oracle has a consensus rating of “Buy” and an average price target of $56.17.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the sale, the executive vice president now directly owns 136,954 shares in the company, valued at $6,517,640.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $52.19, for a total transaction of $195,712.50. Following the sale, the director now owns 18,125 shares in the company, valued at $945,943.75. The disclosure for this sale can be found here. Insiders have sold 1,956,250 shares of company stock worth $98,330,688 over the last quarter. Insiders own 29.00% of the company’s stock.
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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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