Ally Financial Inc. continued to hold its position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The institutional investor owned 250,000 shares of the enterprise software provider’s stock at the end of the fourth quarter. Oracle accounts for about 1.6% of Ally Financial Inc.’s investment portfolio, making the stock its 11th largest position. Ally Financial Inc.’s holdings in Oracle were worth $9,613,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Oracle during the third quarter valued at about $2,544,000. First Quadrant L P CA raised its position in shares of Oracle by 87.2% in the third quarter. First Quadrant L P CA now owns 877,305 shares of the enterprise software provider’s stock valued at $34,461,000 after buying an additional 408,705 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Oracle by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 67,301 shares of the enterprise software provider’s stock valued at $2,587,000 after buying an additional 248 shares during the last quarter. Majedie Asset Management Ltd raised its position in shares of Oracle by 2.5% in the third quarter. Majedie Asset Management Ltd now owns 159,946 shares of the enterprise software provider’s stock valued at $6,283,000 after buying an additional 3,859 shares during the last quarter. Finally, TIAA CREF Trust Co. FSB MO raised its position in shares of Oracle by 3.0% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 557,533 shares of the enterprise software provider’s stock valued at $21,900,000 after buying an additional 16,273 shares during the last quarter. 57.95% of the stock is currently owned by institutional investors.
Oracle Co. (NYSE:ORCL) opened at 45.23 on Tuesday. The company’s 50-day moving average is $41.91 and its 200-day moving average 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 Co. has a 52-week low of $37.62 and a 52-week high of $46.99.
Oracle (NYSE:ORCL) last released its earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The company earned $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the business earned $0.64 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Oracle Co. will post $2.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.15. Oracle’s dividend payout ratio (DPR) is 28.99%.
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ORCL has been the subject of several recent analyst reports. Vetr upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research note on Monday, January 30th. Cowen and Company restated an “outperform” rating and issued a $46.00 target price on shares of Oracle in a research note on Sunday, December 4th. Bank of America Corp raised their target price on shares of Oracle to $54.00 in a research note on Thursday, March 16th. Canaccord Genuity restated a “buy” rating and issued a $45.00 target price on shares of Oracle in a research note on Friday, February 24th. Finally, DA Davidson set a $52.00 target price on shares of Oracle and gave the company a “buy” rating in a research note on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.81.
In other news, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total value of $1,742,400.00. Following the completion of the sale, the director now owns 52,654 shares in the company, valued at approximately $2,038,762.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 31,750 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $45.80, for a total transaction of $1,454,150.00. The disclosure for this sale can be found here. Insiders sold a total of 1,188,000 shares of company stock valued at $54,809,425 in the last 90 days. Company insiders own 29.00% of the company’s stock.
Oracle Company Profile
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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