Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 205.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,320 shares of the enterprise software provider’s stock after acquiring an additional 17,710 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Oracle were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Campbell & CO Investment Adviser LLC lifted its holdings in Oracle by 190.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 14,116 shares of the enterprise software provider’s stock worth $748,000 after buying an additional 9,249 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in Oracle in the 4th quarter worth approximately $724,000. Signet Financial Management LLC lifted its holdings in Oracle by 1.1% in the 4th quarter. Signet Financial Management LLC now owns 17,964 shares of the enterprise software provider’s stock worth $952,000 after buying an additional 200 shares during the period. Breiter Capital Management Inc. lifted its holdings in Oracle by 1.4% in the 4th quarter. Breiter Capital Management Inc. now owns 17,632 shares of the enterprise software provider’s stock worth $934,000 after buying an additional 239 shares during the period. Finally, Hollencrest Capital Management lifted its holdings in Oracle by 1.5% in the 4th quarter. Hollencrest Capital Management now owns 50,920 shares of the enterprise software provider’s stock worth $2,697,000 after buying an additional 753 shares during the period. Institutional investors and hedge funds own 50.64% of the company’s stock.
ORCL stock traded up $0.40 on Friday, reaching $52.62. 7,082,880 shares of the company traded hands, compared to its average volume of 10,488,970. Oracle Co. has a one year low of $39.71 and a one year high of $60.50. The company has a debt-to-equity ratio of 3.31, a current ratio of 2.12 and a quick ratio of 2.12. The company has a market cap of $164.68 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The firm has a fifty day simple moving average of $52.51 and a 200-day simple moving average of $52.99.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.01. The business had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.75 billion. Oracle had a return on equity of 64.68% and a net margin of 27.06%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. On average, sell-side analysts forecast that Oracle Co. will post 3.47 EPS for the current year.
Oracle announced that its Board of Directors has approved a stock buyback program on Thursday, March 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the enterprise software provider to reacquire up to 9.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, April 8th. Oracle’s payout ratio is 30.38%.
In other Oracle news, CEO Safra Catz sold 1,000,000 shares of Oracle stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $51.73, for a total value of $51,730,000.00. Following the completion of the sale, the chief executive officer now owns 2,368,592 shares of the company’s stock, valued at approximately $122,527,264.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles W. Moorman acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average cost of $48.59 per share, with a total value of $971,800.00. Following the acquisition, the director now directly owns 38,561 shares of the company’s stock, valued at $1,873,678.99. The disclosure for this purchase can be found here. 36.60% of the stock is currently owned by company insiders.
ORCL has been the subject of several research analyst reports. Barclays reiterated a “neutral” rating and issued a $50.00 price objective on shares of Oracle in a report on Friday, March 13th. Wells Fargo & Co lowered their target price on Oracle from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Goldman Sachs Group restated a “buy” rating and issued a $52.00 target price on shares of Oracle in a research note on Thursday, March 26th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, April 21st. Finally, Cleveland Research upgraded Oracle from a “neutral” rating to a “buy” rating in a research note on Monday, March 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.57.
Oracle Company Profile
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.
Featured Article: Marijuana Stocks Investing Considerations
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.