Oak Asset Management LLC trimmed its position in Oracle Co. (NYSE:ORCL – Get Rating) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,868 shares of the enterprise software provider’s stock after selling 175 shares during the period. Oracle accounts for 1.4% of Oak Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Oak Asset Management LLC’s holdings in Oracle were worth $3,546,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ORCL. AE Wealth Management LLC raised its holdings in shares of Oracle by 23.0% during the 1st quarter. AE Wealth Management LLC now owns 119,115 shares of the enterprise software provider’s stock worth $9,854,000 after acquiring an additional 22,272 shares during the last quarter. PM CAPITAL Ltd raised its position in Oracle by 11.2% in the 1st quarter. PM CAPITAL Ltd now owns 217,870 shares of the enterprise software provider’s stock worth $18,024,000 after purchasing an additional 21,950 shares during the period. Stratos Wealth Partners LTD. raised its position in Oracle by 3.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 88,837 shares of the enterprise software provider’s stock worth $7,748,000 after purchasing an additional 3,345 shares during the period. Autumn Glory Partners LLC purchased a new position in Oracle in the 4th quarter worth $3,992,000. Finally, Stonnington Group LLC raised its position in Oracle by 608.5% in the 4th quarter. Stonnington Group LLC now owns 29,253 shares of the enterprise software provider’s stock worth $2,588,000 after purchasing an additional 25,124 shares during the period. 42.33% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE ORCL opened at $70.87 on Monday. The firm’s 50-day moving average price is $70.88 and its 200-day moving average price is $78.06. The company has a market cap of $188.86 billion, a PE ratio of 29.53, a P/E/G ratio of 2.00 and a beta of 0.84. Oracle Co. has a 52-week low of $63.76 and a 52-week high of $106.34.
Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.17. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 4.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a yield of 1.81%. Oracle’s dividend payout ratio is currently 53.33%.
A number of equity analysts recently commented on ORCL shares. Deutsche Bank Rese… set a $110.00 target price on shares of Oracle in a research report on Monday, June 20th. Piper Sandler cut shares of Oracle from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $100.00 to $70.00 in a research report on Friday, March 11th. Stifel Nicolaus decreased their target price on shares of Oracle from $83.00 to $72.00 in a research report on Tuesday, June 14th. Cowen decreased their target price on shares of Oracle from $107.00 to $98.00 in a research report on Thursday, June 9th. Finally, UBS Group set a $75.00 price objective on shares of Oracle in a research report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.26.
In other news, insider Edward Screven sold 419,174 shares of the stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,399,174 shares of company stock valued at $232,369,224. 43.40% of the stock is owned by corporate insiders.
Oracle Profile: (Get Rating)
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering includes various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite.
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