Butensky & Cohen Financial Security Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.1% during the 1st quarter, Holdings Channel reports. The firm owned 42,830 shares of the enterprise software provider’s stock after purchasing an additional 1,680 shares during the quarter. Oracle comprises 1.7% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 17th biggest position. Butensky & Cohen Financial Security Inc.’s holdings in Oracle were worth $2,300,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Wealthquest Corp acquired a new position in Oracle in the fourth quarter valued at approximately $202,000. Smith Moore & CO. lifted its holdings in Oracle by 7.8% in the fourth quarter. Smith Moore & CO. now owns 14,746 shares of the enterprise software provider’s stock valued at $666,000 after acquiring an additional 1,073 shares during the last quarter. SevenBridge Financial Group LLC lifted its holdings in Oracle by 246.4% in the fourth quarter. SevenBridge Financial Group LLC now owns 46,361 shares of the enterprise software provider’s stock valued at $2,093,000 after acquiring an additional 32,978 shares during the last quarter. Trust Co. of Vermont raised its position in Oracle by 10.9% in the fourth quarter. Trust Co. of Vermont now owns 54,368 shares of the enterprise software provider’s stock valued at $2,455,000 after purchasing an additional 5,341 shares during the period. Finally, Perpetual Ltd raised its position in Oracle by 189.2% in the fourth quarter. Perpetual Ltd now owns 236,175 shares of the enterprise software provider’s stock valued at $10,585,000 after purchasing an additional 154,500 shares during the period. Institutional investors and hedge funds own 47.10% of the company’s stock.
A number of analysts have issued reports on the company. DZ Bank reissued a “sell” rating on shares of Oracle in a research report on Tuesday, March 19th. Nomura reissued a “reduce” rating and issued a $42.00 target price (down previously from $53.00) on shares of Oracle in a research report on Monday, March 11th. Royal Bank of Canada boosted their target price on Oracle to $57.00 and gave the company a “sector perform” rating in a research report on Friday, March 15th. Raymond James boosted their target price on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, UBS Group boosted their target price on Oracle to $54.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. Oracle has an average rating of “Hold” and an average target price of $52.87.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Analysts predict that Oracle Co. will post 3.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. This is a positive change from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio is currently 34.04%.
In other news, CEO Mark V. Hurd sold 1,200,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the sale, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Screven sold 600,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $54.96, for a total value of $32,976,000.00. Following the sale, the insider now directly owns 2,812,345 shares in the company, valued at approximately $154,566,481.20. The disclosure for this sale can be found here. Insiders have sold 2,473,750 shares of company stock worth $133,872,063 in the last ninety days. Corporate insiders own 32.00% of the company’s stock.
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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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