Lindbrook Capital LLC grew its holdings in Oracle Co. (NYSE:ORCL – Get Rating) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,045 shares of the enterprise software provider’s stock after purchasing an additional 726 shares during the quarter. Lindbrook Capital LLC’s holdings in Oracle were worth $666,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC boosted its position in Oracle by 23.0% during the first 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 boosted its position in Oracle by 11.2% during the first quarter. PM CAPITAL Ltd now owns 217,870 shares of the enterprise software provider’s stock worth $18,024,000 after acquiring an additional 21,950 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Oracle by 3.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 88,837 shares of the enterprise software provider’s stock worth $7,748,000 after acquiring an additional 3,345 shares during the last quarter. Autumn Glory Partners LLC acquired a new stake in Oracle during the fourth quarter worth approximately $3,992,000. Finally, Stonnington Group LLC boosted 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 worth $2,588,000 after acquiring an additional 25,124 shares during the last quarter. Institutional investors and hedge funds own 42.33% of the company’s stock.
Shares of ORCL stock opened at $70.87 on Friday. The firm has a market cap of $188.86 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.00 and a beta of 0.87. Oracle Co. has a 1-year low of $63.76 and a 1-year high of $106.34. The firm has a fifty day moving average of $70.88 and a two hundred day moving average of $78.42.
Oracle (NYSE:ORCL – Get Rating) last announced its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.17. The company had revenue of $11.84 billion during the quarter, compared to analyst estimates of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.40 EPS. Equities research analysts predict that Oracle Co. will post 4.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 53.33%.
A number of analysts recently issued reports on ORCL shares. Barclays set a $82.00 target price on shares of Oracle in a research report on Tuesday, June 14th. Bank of America decreased their price target on shares of Oracle from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, March 11th. Stifel Nicolaus decreased their price target on shares of Oracle from $83.00 to $72.00 in a report on Tuesday, June 14th. Exane BNP Paribas upgraded shares of Oracle from a “neutral” rating to an “outperform” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Oracle in a report on Wednesday, March 9th. Two investment 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. Based on data from MarketBeat.com, Oracle has a consensus rating of “Hold” and a consensus target price of $90.26.
In other Oracle news, Director Renee Jo James sold 6,000 shares of the business’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $84.11, for a total transaction of $504,660.00. Following the completion of the transaction, the director now directly owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $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 ninety days. Company insiders own 43.40% of the company’s stock.
About Oracle: (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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