Iberiabank Corp decreased its stake in Oracle Co. (NYSE:ORCL) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,303 shares of the enterprise software provider’s stock after selling 2,920 shares during the quarter. Iberiabank Corp’s holdings in Oracle were worth $3,473,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Keel Point LLC lifted its stake in Oracle by 0.3% in the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock worth $268,000 after acquiring an additional 14 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Oracle by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after acquiring an additional 35 shares in the last quarter. Hudock Capital Group LLC lifted its stake in Oracle by 1.6% in the 2nd quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock worth $203,000 after acquiring an additional 65 shares in the last quarter. Highland Private Wealth Management lifted its stake in Oracle by 0.7% in the 2nd quarter. Highland Private Wealth Management now owns 9,660 shares of the enterprise software provider’s stock worth $485,000 after acquiring an additional 70 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its stake in Oracle by 0.4% in the 2nd quarter. Calamos Wealth Management LLC now owns 19,893 shares of the enterprise software provider’s stock worth $997,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 58.03% of the company’s stock.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $52.00, for a total value of $5,200,000.00. Following the sale, the executive vice president now owns 37,576 shares of the company’s stock, valued at approximately $1,953,952. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $49.66, for a total value of $186,225.00. The disclosure for this sale can be found here. Insiders sold a total of 1,956,250 shares of company stock worth $98,316,475 in the last ninety days. Insiders own 29.00% of the company’s stock.
Shares of Oracle Co. (ORCL) opened at $52.90 on Tuesday. The stock has a market capitalization of $219,274.72, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $53.44.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. equities research analysts forecast that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle announced that its board has initiated a share buyback plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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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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