Fishman Jay A Ltd. MI cut its stake in shares of Oracle Co. (NYSE:ORCL) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,571 shares of the enterprise software provider’s stock after selling 2,500 shares during the quarter. Oracle comprises about 1.1% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 22nd largest position. Fishman Jay A Ltd. MI’s holdings in Oracle were worth $5,755,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of ORCL. Benjamin F. Edwards & Company Inc. grew its stake in Oracle by 4.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 47,530 shares of the enterprise software provider’s stock valued at $2,616,000 after acquiring an additional 1,950 shares during the last quarter. Private Ocean LLC lifted its holdings in Oracle by 17.4% in the 3rd quarter. Private Ocean LLC now owns 8,943 shares of the enterprise software provider’s stock valued at $493,000 after purchasing an additional 1,323 shares in the last quarter. Bingham Osborn & Scarborough LLC lifted its holdings in Oracle by 12.4% in the 3rd quarter. Bingham Osborn & Scarborough LLC now owns 21,735 shares of the enterprise software provider’s stock valued at $1,196,000 after purchasing an additional 2,395 shares in the last quarter. Alps Advisors Inc. purchased a new position in Oracle in the 3rd quarter valued at about $610,000. Finally, New England Research & Management Inc. purchased a new position in Oracle in the 3rd quarter valued at about $248,000. 53.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of ORCL stock traded up $0.51 during trading hours on Friday, hitting $56.49. 5,708,292 shares of the company were exchanged, compared to its average volume of 9,699,096. The firm has a market cap of $182.74 billion, a PE ratio of 17.88, a PEG ratio of 1.65 and a beta of 1.16. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $60.50. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. The firm has a fifty day moving average of $54.79 and a 200 day moving average of $54.81.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The business had revenue of $9.22 billion for the quarter, compared to analyst estimates of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. Analysts expect that Oracle Co. will post 3.47 earnings per share for the current year.
Oracle announced that its Board of Directors has initiated a stock buyback plan on Wednesday, September 11th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the enterprise software provider to reacquire up to 8.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.
In other Oracle news, EVP Dorian Daley sold 50,000 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.01, for a total value of $2,750,500.00. Following the completion of the sale, the executive vice president now owns 50,000 shares of the company’s stock, valued at $2,750,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 4,643 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $56.59, for a total transaction of $262,747.37. Following the completion of the sale, the director now directly owns 38,562 shares of the company’s stock, valued at approximately $2,182,223.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 849,786 shares of company stock valued at $44,213,156. Corporate insiders own 36.60% of the company’s stock.
ORCL has been the topic of a number of recent research reports. Argus restated a “buy” rating on shares of Oracle in a report on Friday, September 13th. Wedbush restated a “neutral” rating and issued a $55.00 target price on shares of Oracle in a report on Friday, September 13th. William Blair restated a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Needham & Company LLC restated a “hold” rating on shares of Oracle in a report on Wednesday, October 30th. Finally, BMO Capital Markets upped their target price on shares of Oracle from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Friday, September 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Oracle currently has a consensus rating of “Hold” and a consensus target price of $56.80.
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.
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