Sicart Associates LLC Buys New Position in Oracle Co. (NYSE:ORCL)

Sicart Associates LLC bought a new stake in Oracle Co. (NYSE:ORCL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,200 shares of the enterprise software provider’s stock, valued at approximately $671,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Neville Rodie & Shaw Inc. raised its holdings in shares of Oracle by 1.2% during the second quarter. Neville Rodie & Shaw Inc. now owns 176,654 shares of the enterprise software provider’s stock worth $10,064,000 after purchasing an additional 2,169 shares during the period. Thomasville National Bank grew its position in shares of Oracle by 1.5% during the second quarter. Thomasville National Bank now owns 20,351 shares of the enterprise software provider’s stock worth $1,160,000 after acquiring an additional 300 shares during the last quarter. Private Trust Co. NA grew its position in shares of Oracle by 2.0% during the second quarter. Private Trust Co. NA now owns 22,626 shares of the enterprise software provider’s stock worth $1,289,000 after acquiring an additional 435 shares during the last quarter. Baystate Wealth Management LLC grew its position in shares of Oracle by 56.8% during the second quarter. Baystate Wealth Management LLC now owns 4,987 shares of the enterprise software provider’s stock worth $289,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Rockland Trust Co. grew its position in shares of Oracle by 2.6% during the second quarter. Rockland Trust Co. now owns 8,262 shares of the enterprise software provider’s stock worth $471,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 53.81% of the company’s stock.

Shares of NYSE:ORCL traded up $0.61 during trading hours on Monday, hitting $55.16. 110,784 shares of the company’s stock traded hands, compared to its average volume of 15,824,213. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $60.50. The company has a debt-to-equity ratio of 2.67, a quick ratio of 2.25 and a current ratio of 2.25. The company’s fifty day simple moving average is $54.07 and its two-hundred day simple moving average is $54.74. The company has a market cap of $180.74 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The company had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 3.47 EPS for the current fiscal year.

Oracle announced that its board has approved a share repurchase plan on Wednesday, September 11th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase up to 8.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.74%. Oracle’s dividend payout ratio (DPR) is 30.38%.

In other Oracle news, EVP Dorian Daley sold 50,000 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $55.01, for a total transaction of $2,750,500.00. Following the completion of the sale, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at $2,750,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Renee Jo James sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.56, for a total transaction of $160,680.00. Following the sale, the director now directly owns 32,886 shares of the company’s stock, valued at $1,761,374.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 849,786 shares of company stock valued at $44,213,156. Insiders own 36.60% of the company’s stock.

ORCL has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of Oracle from a “buy” rating to a “hold” rating and decreased their target price for the company from $66.00 to $60.00 in a research report on Monday, October 7th. Credit Suisse Group set a $62.00 target price on shares of Oracle and gave the company a “buy” rating in a research report on Tuesday, September 24th. Macquarie reiterated a “hold” rating on shares of Oracle in a research report on Thursday, September 12th. BMO Capital Markets increased their target price on shares of Oracle from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Friday, September 27th. They noted that the move was a valuation call. Finally, Barclays decreased their target price on shares of Oracle from $59.00 to $57.00 and set an “equal weight” rating for the company in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $56.38.

Oracle Company Profile

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.

See Also: What is a dividend reinvestment plan?

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.