Cape ANN Savings Bank maintained its stake in shares of Oracle Co. (NYSE:ORCL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,122 shares of the enterprise software provider’s stock at the end of the first quarter. Cape ANN Savings Bank’s holdings in Oracle were worth $273,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake 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 during the last quarter. Reilly Financial Advisors LLC boosted its stake in shares of Oracle by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after buying an additional 200 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Oracle by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock worth $114,000 after buying an additional 1,132 shares during the last quarter. Proficio Capital Partners LLC boosted its stake 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 during the last quarter. Finally, Orrstown Financial Services Inc. boosted its stake in shares of Oracle by 88.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,915 shares of the enterprise software provider’s stock worth $130,000 after buying an additional 1,372 shares during the last quarter. 57.95% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Co. (NYSE:ORCL) opened at 44.31 on Friday. Oracle Co. has a 12-month low of $37.62 and a 12-month high of $46.99. The firm has a 50-day moving average of $44.72 and a 200-day moving average of $41.74. The firm has a market cap of $182.32 billion, a P/E ratio of 20.96 and a beta of 1.14. Oracle also saw unusually large options trading on Wednesday. Stock investors bought 20,223 call options on the company. This represents an increase of 205% compared to the typical volume of 6,636 call options.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. Oracle’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, analysts expect that Oracle Co. will post $2.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th were given a dividend of $0.19 per share. The ex-dividend date was Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.72%. Oracle’s payout ratio is currently 28.99%.
A number of equities research analysts recently commented on the stock. Bank of America Corp reissued a “buy” rating and issued a $42.58 price objective (down from $48.00) on shares of Oracle in a research note on Tuesday, March 14th. Royal Bank of Canada increased their price objective on shares of Oracle from $43.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, March 13th. Macquarie reissued a “buy” rating and issued a $48.00 price objective on shares of Oracle in a research note on Tuesday, March 14th. JMP Securities raised shares of Oracle from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $42.00 to $43.00 in a research note on Thursday, March 16th. Finally, Cowen and Company increased their price objective on shares of Oracle to $48.00 in a research note on Thursday, March 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $46.42.
In other news, CEO Safra Catz sold 3,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $44.99, for a total transaction of $134,970,000.00. Following the sale, the chief executive officer now directly owns 3,461,860 shares in the company, valued at $155,749,081.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark V. Hurd sold 700,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $46.44, for a total value of $32,508,000.00. Following the sale, the chief executive officer now owns 903,891 shares in the company, valued at $41,976,698.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,834,841 shares of company stock worth $309,094,949. 29.00% of the stock is currently owned by company 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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