Private Capital Group LLC trimmed its stake in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,537 shares of the enterprise software provider’s stock after selling 448 shares during the period. Private Capital Group LLC’s holdings in Oracle were worth $375,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Brookstone Capital Management raised its position in Oracle by 1.7% during the fourth quarter. Brookstone Capital Management now owns 11,764 shares of the enterprise software provider’s stock valued at $1,029,000 after buying an additional 193 shares during the period. Stonnington Group LLC raised its position in Oracle by 608.5% during the fourth quarter. Stonnington Group LLC now owns 29,253 shares of the enterprise software provider’s stock valued at $2,588,000 after buying an additional 25,124 shares during the period. Engrave Wealth Partners LLC acquired a new position in Oracle during the fourth quarter valued at $232,000. Center For Asset Management LLC raised its position in Oracle by 56.4% during the fourth quarter. Center For Asset Management LLC now owns 4,278 shares of the enterprise software provider’s stock valued at $373,000 after buying an additional 1,543 shares during the period. Finally, First Hawaiian Bank raised its position in Oracle by 40.6% during the fourth quarter. First Hawaiian Bank now owns 51,263 shares of the enterprise software provider’s stock valued at $4,470,000 after buying an additional 14,799 shares during the period. 42.33% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. Citigroup set a $81.00 target price on Oracle in a research report on Monday, June 20th. JPMorgan Chase & Co. set a $82.00 target price on Oracle in a research report on Thursday, June 16th. Monness Crespi & Hardt dropped their target price on Oracle from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, June 14th. Wolfe Research lowered their price objective on Oracle from $105.00 to $83.00 in a report on Friday, March 11th. Finally, Bank of America lowered their price objective on Oracle from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, March 11th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of “Hold” and a consensus price target of $90.26.
Shares of ORCL opened at $70.87 on Friday. Oracle Co. has a 1 year low of $63.76 and a 1 year high of $106.34. The stock has a 50-day simple moving average of $70.88 and a 200-day simple moving average of $78.42. The stock has a market cap of $188.86 billion, a PE ratio of 29.53, a PEG ratio of 2.00 and a beta of 0.87.
Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.17. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The firm had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period last year, the firm posted $1.40 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Oracle Co. will post 4.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th will be paid a $0.32 dividend. The ex-dividend date is Monday, July 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.81%. Oracle’s dividend payout ratio (DPR) is currently 53.33%.
In other news, Director Renee Jo James sold 6,000 shares of the business’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $84.11, for a total value of $504,660.00. Following the sale, the director now directly owns 41,886 shares in the company, valued at $3,523,031.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction dated 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 in the company, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. Insiders sold a total of 3,405,174 shares of company stock valued at $232,873,884 over the last three months. Insiders own 43.40% of the company’s stock.
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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