Manchester Capital Management LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 58.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,308 shares of the enterprise software provider’s stock after buying an additional 9,300 shares during the period. Manchester Capital Management LLC’s holdings in Oracle were worth $1,197,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ORCL. Vanguard Group Inc. grew its position in shares of Oracle by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after purchasing an additional 5,270,359 shares in the last quarter. BlackRock Inc. grew its position in shares of Oracle by 2.5% in the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after purchasing an additional 4,678,977 shares in the last quarter. Harris Associates L P grew its position in shares of Oracle by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after purchasing an additional 7,427,501 shares in the last quarter. Northern Trust Corp grew its position in shares of Oracle by 4.6% in the second quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after purchasing an additional 1,835,835 shares in the last quarter. Finally, FMR LLC grew its position in shares of Oracle by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after purchasing an additional 6,577,297 shares in the last quarter. Institutional investors own 57.94% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, March 12th. They noted that the move was a valuation call. OTR Global lowered Oracle to a “positive” rating in a research report on Friday, March 9th. Cleveland Research restated a “hold” rating on shares of Oracle in a research report on Saturday, March 17th. Morgan Stanley restated a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. Finally, Instinet assumed coverage on Oracle in a research report on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price target for the company. Fifteen equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.11.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.11. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. analysts anticipate that Oracle Co. will post 2.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.66%. Oracle’s payout ratio is currently 30.52%.
Oracle announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total value of $186,450.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at $901,175. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the completion of the sale, the executive vice president now owns 37,576 shares in the company, valued at $1,953,952. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,981,250 shares of company stock worth $99,315,438. Insiders own 29.00% of the company’s stock.
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Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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