Callahan Advisors LLC lessened its position in shares of Oracle Co. (NYSE:ORCL) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,019 shares of the enterprise software provider’s stock after selling 10,074 shares during the quarter. Callahan Advisors LLC’s holdings in Oracle were worth $1,183,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC increased its position in Oracle by 220.9% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after buying an additional 413 shares in the last quarter. Riverview Trust Co purchased a new stake in Oracle in the fourth quarter worth about $35,000. Truehand Inc purchased a new stake in Oracle in the fourth quarter worth about $36,000. ERTS Wealth Advisors LLC bought a new position in shares of Oracle in the fourth quarter worth about $36,000. Finally, Clarfeld Financial Advisors LLC bought a new position in shares of Oracle in the fourth quarter worth about $39,000. Institutional investors own 47.10% of the company’s stock.
A number of equities analysts have recently weighed in on the company. DZ Bank reaffirmed a “sell” rating on shares of Oracle in a research note on Tuesday, March 19th. Nomura reaffirmed a “reduce” rating and issued a $42.00 price objective (down previously from $53.00) on shares of Oracle in a research note on Monday, March 11th. Royal Bank of Canada upped their price objective on Oracle to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, March 15th. Raymond James upped their price objective on Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, UBS Group upped their price objective on Oracle to $54.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.87.
In other news, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $52.84, for a total value of $6,605,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark V. Hurd sold 1,200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total value of $64,596,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The disclosure for this sale can be found here. Insiders sold a total of 2,473,750 shares of company stock valued at $133,872,063 over the last ninety days. Corporate insiders own 32.00% of the company’s stock.
Shares of Oracle stock opened at $54.56 on Thursday. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $55.53. The company has a market cap of $221.18 billion, a P/E ratio of 19.35, a PEG ratio of 1.77 and a beta of 1.08. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. Research analysts predict that Oracle Co. will post 3.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 34.04%.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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