Boltwood Capital Management Has $1.96 Million Position in Oracle Co. (NYSE:ORCL)

Boltwood Capital Management increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,923 shares of the enterprise software provider’s stock after acquiring an additional 200 shares during the period. Boltwood Capital Management’s holdings in Oracle were worth $1,959,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ORCL. Norges Bank bought a new position in Oracle during the 4th quarter valued at about $1,107,842,000. Nuveen Asset Management LLC lifted its holdings in Oracle by 41.6% during the 4th quarter. Nuveen Asset Management LLC now owns 11,363,258 shares of the enterprise software provider’s stock valued at $735,090,000 after purchasing an additional 3,340,696 shares during the last quarter. Swedbank bought a new position in Oracle during the 4th quarter valued at about $108,960,000. Clearbridge Investments LLC lifted its holdings in Oracle by 25.4% during the 4th quarter. Clearbridge Investments LLC now owns 7,115,625 shares of the enterprise software provider’s stock valued at $460,310,000 after purchasing an additional 1,443,004 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in Oracle by 24,589.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,125,594 shares of the enterprise software provider’s stock valued at $72,815,000 after purchasing an additional 1,121,035 shares during the last quarter. Institutional investors and hedge funds own 47.54% of the company’s stock.

NYSE ORCL traded up $0.87 during trading on Thursday, reaching $74.94. 213,003 shares of the stock traded hands, compared to its average volume of 12,720,444. The firm has a market cap of $216.09 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. The stock’s 50-day moving average price is $67.54 and its 200 day moving average price is $62.24. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 7.37. Oracle Co. has a fifty-two week low of $50.86 and a fifty-two week high of $74.89.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. The firm had revenue of $10.09 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. Analysts anticipate that Oracle Co. will post 3.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, April 7th. This is a boost from Oracle’s previous quarterly dividend of $0.24. Oracle’s dividend payout ratio is 27.75%.

ORCL has been the subject of a number of research analyst reports. Credit Suisse Group boosted their target price on shares of Oracle from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 17th. Barclays raised shares of Oracle from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $80.00 in a research note on Thursday, March 11th. Societe Generale reaffirmed a “hold” rating on shares of Oracle in a research note on Wednesday, March 17th. Cowen boosted their target price on shares of Oracle from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, March 8th. Finally, Citigroup initiated coverage on shares of Oracle in a research note on Wednesday, March 3rd. They issued a “neutral” rating and a $65.00 target price for the company. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $70.04.

In other news, CEO Safra Catz sold 1,150,000 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $66.31, for a total value of $76,256,500.00. Following the completion of the transaction, the chief executive officer now owns 2,218,592 shares in the company, valued at $147,114,835.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rona Alison Fairhead purchased 2,530 shares of Oracle stock in a transaction dated Tuesday, March 16th. The stock was bought at an average price of $68.00 per share, with a total value of $172,040.00. Following the acquisition, the director now directly owns 8,450 shares of the company’s stock, valued at $574,600. The disclosure for this purchase can be found here. Insiders sold 3,763,000 shares of company stock valued at $251,378,960 in the last quarter. Corporate insiders own 39.10% of the company’s stock.

Oracle Company Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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