Janney Montgomery Scott LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 330,674 shares of the enterprise software provider’s stock after acquiring an additional 8,796 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Oracle were worth $23,203,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Johnson Midwest Financial LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $26,000. RWM Asset Management LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Cowa LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Kathmere Capital Management LLC bought a new position in shares of Oracle during the third quarter valued at approximately $31,000. Finally, Oder Investment Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $31,000. 47.54% of the stock is currently owned by institutional investors.
ORCL stock opened at $77.33 on Tuesday. The company’s 50-day simple moving average is $72.88 and its 200-day simple moving average is $64.35. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 7.37. Oracle Co. has a 52-week low of $50.86 and a 52-week high of $80.21. The firm has a market cap of $222.98 billion, a P/E ratio of 23.43, a PEG ratio of 1.79 and a beta of 0.76.
Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.05. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The business had revenue of $10.09 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 3.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Investors of record on Thursday, April 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 7th. This is a positive change from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. Oracle’s dividend payout ratio (DPR) is currently 36.99%.
In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $70.03, for a total value of $28,012,000.00. Following the transaction, the insider now directly owns 400,000 shares of the company’s stock, valued at approximately $28,012,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Screven sold 700,000 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $74.50, for a total transaction of $52,150,000.00. Following the completion of the transaction, the insider now directly owns 3,078,623 shares in the company, valued at $229,357,413.50. The disclosure for this sale can be found here. Insiders sold a total of 4,508,000 shares of company stock worth $306,882,810 over the last ninety days. 39.10% of the stock is currently owned by corporate insiders.
A number of brokerages recently issued reports on ORCL. Credit Suisse Group boosted their price target on Oracle from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, March 17th. Sanford C. Bernstein restated a “buy” rating and set a $81.00 target price on shares of Oracle in a report on Thursday, March 11th. Cowen upped their target price on Oracle from $77.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 22nd. BMO Capital Markets increased their price objective on Oracle from $64.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, March 9th. Finally, KeyCorp increased their price objective on Oracle from $70.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, March 15th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $71.36.
Oracle Company Profile
Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.
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