Amundi Pioneer Asset Management Inc. increased its stake in Oracle Co. (NYSE:ORCL) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,333,992 shares of the enterprise software provider’s stock after buying an additional 533,772 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Oracle were worth $280,362,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. United Bank boosted its holdings in Oracle by 10.5% in the third quarter. United Bank now owns 19,218 shares of the enterprise software provider’s stock worth $1,147,000 after purchasing an additional 1,831 shares during the period. Wealth Alliance boosted its holdings in shares of Oracle by 4.0% during the third quarter. Wealth Alliance now owns 9,301 shares of the enterprise software provider’s stock valued at $555,000 after acquiring an additional 354 shares during the period. Eudaimonia Partners LLC boosted its holdings in shares of Oracle by 14.6% during the third quarter. Eudaimonia Partners LLC now owns 7,479 shares of the enterprise software provider’s stock valued at $447,000 after acquiring an additional 950 shares during the period. OLD Mission Capital LLC acquired a new position in shares of Oracle during the third quarter valued at $225,000. Finally, Advisory Alpha LLC acquired a new position in shares of Oracle during the third quarter valued at $65,000. Institutional investors and hedge funds own 47.54% of the company’s stock.
NYSE ORCL opened at $74.07 on Thursday. The stock’s 50-day moving average price is $67.54 and its two-hundred day moving average price is $62.24. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 7.37. The company has a market cap of $213.58 billion, a PE ratio of 22.45, a PEG ratio of 1.79 and a beta of 0.76. Oracle Co. has a 1 year low of $50.86 and a 1 year high of $74.89.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 22nd. Shareholders of record on Thursday, April 8th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, April 7th. This is an increase from Oracle’s previous quarterly dividend of $0.24. Oracle’s payout ratio is presently 27.75%.
In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the transaction, the insider now owns 400,000 shares of the company’s stock, valued at approximately $28,012,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Safra Catz sold 1,150,000 shares of Oracle stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $66.31, for a total value of $76,256,500.00. Following the transaction, the chief executive officer now directly owns 2,218,592 shares in the company, valued at approximately $147,114,835.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,763,000 shares of company stock worth $251,378,960. Corporate insiders own 39.10% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Oracle from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, March 17th. Wells Fargo & Company lifted their price objective on shares of Oracle from $68.75 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, March 17th. Citigroup started coverage on shares of Oracle in a research note on Wednesday, March 3rd. They set a “neutral” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $73.00 price objective on shares of Oracle in a research note on Thursday, March 11th. Finally, Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 11th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $70.04.
Oracle Company Profile
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.
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