Oracle Co. (ORCL) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lifted its position in shares of Oracle Co. (NYSE:ORCL) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,613 shares of the enterprise software provider’s stock after acquiring an additional 5,070 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Oracle were worth $10,808,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ORCL. Cpwm LLC raised its holdings in Oracle by 6.5% in the 2nd quarter. Cpwm LLC now owns 17,240 shares of the enterprise software provider’s stock valued at $760,000 after acquiring an additional 1,050 shares during the last quarter. Quadrant Private Wealth Management LLC raised its holdings in Oracle by 0.9% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 126,926 shares of the enterprise software provider’s stock valued at $5,592,000 after acquiring an additional 1,072 shares during the last quarter. Willow Creek Wealth Management Inc. raised its holdings in Oracle by 15.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 8,051 shares of the enterprise software provider’s stock valued at $355,000 after acquiring an additional 1,084 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Oracle by 7.8% in the 2nd quarter. Global Retirement Partners LLC now owns 15,585 shares of the enterprise software provider’s stock valued at $687,000 after acquiring an additional 1,122 shares during the last quarter. Finally, F&V Capital Management LLC raised its holdings in Oracle by 1.1% in the 3rd quarter. F&V Capital Management LLC now owns 106,875 shares of the enterprise software provider’s stock valued at $5,510,000 after acquiring an additional 1,125 shares during the last quarter. 53.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ORCL opened at $48.83 on Friday. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48. The firm has a market cap of $202.14 billion, a PE ratio of 17.32, a P/E/G ratio of 1.64 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same period in the previous year, the company earned $0.62 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 3.06 EPS for the current fiscal year.

Oracle announced that its Board of Directors has authorized a share repurchase program on Monday, September 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to repurchase up to 5.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were given a dividend of $0.19 per share. The ex-dividend date was Monday, October 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle’s dividend payout ratio (DPR) is 26.95%.

In related news, EVP Dorian Daley sold 131,696 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the completion of the sale, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at approximately $5,582,691.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,382,227.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,946 shares of company stock valued at $7,248,965. 32.00% of the stock is owned by corporate insiders.

Several brokerages have weighed in on ORCL. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a report on Friday, September 21st. KeyCorp reiterated a “hold” rating on shares of Oracle in a report on Wednesday, September 12th. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price target on shares of Oracle in a report on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price target on shares of Oracle in a report on Tuesday, September 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $49.00 price target on shares of Oracle in a report on Tuesday, September 18th. Seventeen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $53.71.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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