Ativo Capital Management LLC held its position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,561 shares of the enterprise software provider’s stock at the end of the fourth quarter. Ativo Capital Management LLC’s holdings in Oracle were worth $1,560,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of ORCL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 107,202 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 135 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock worth $128,000 after buying an additional 1,283 shares in the last quarter. Clean Yield Group increased its position in shares of Oracle by 3.1% in the third quarter. Clean Yield Group now owns 3,293 shares of the enterprise software provider’s stock worth $129,000 after buying an additional 99 shares in the last quarter. Finally, First Bank & Trust acquired a new position in shares of Oracle during the fourth quarter worth $141,000. Institutional investors own 57.95% of the company’s stock.
Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99. The firm’s 50-day moving average price is $41.91 and its 200 day moving average price is $40.00. The firm has a market capitalization of $185.55 billion, a price-to-earnings ratio of 21.59 and a beta of 1.14.
Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts predict that Oracle Co. will post $2.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. Oracle’s payout ratio is presently 28.99%.
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A number of brokerages have recently weighed in on ORCL. Bank of America Corp reiterated a “buy” rating and issued a $42.58 target price (down previously from $48.00) on shares of Oracle in a report on Tuesday, March 14th. Royal Bank of Canada upped their target price on Oracle from $43.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, March 13th. Macquarie reiterated a “buy” rating and issued a $48.00 target price on shares of Oracle in a report on Tuesday, March 14th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $52.00 target price on shares of Oracle in a report on Friday, December 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.81.
In related news, insider Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $46.61, for a total transaction of $18,644,000.00. Following the transaction, the insider now directly owns 400,000 shares of the company’s stock, valued at approximately $18,644,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark V. Hurd sold 700,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $46.44, for a total value of $32,508,000.00. Following the transaction, the chief executive officer now directly owns 903,891 shares in the company, valued at $41,976,698.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,188,000 shares of company stock worth $54,809,425 over the last three months. 29.00% of the stock is owned by insiders.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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