PM CAPITAL Ltd boosted its holdings in Oracle Co. (NYSE:ORCL) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 487,285 shares of the enterprise software provider’s stock after purchasing an additional 260 shares during the quarter. Oracle makes up 5.1% of PM CAPITAL Ltd’s portfolio, making the stock its 11th biggest holding. PM CAPITAL Ltd’s holdings in Oracle were worth $25,816,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ORCL. Willow Creek Wealth Management Inc. grew its position in shares of Oracle by 2.1% in the third quarter. Willow Creek Wealth Management Inc. now owns 8,422 shares of the enterprise software provider’s stock valued at $463,000 after purchasing an additional 177 shares during the last quarter. Monte Financial Group LLC grew its position in shares of Oracle by 1.9% in the third quarter. Monte Financial Group LLC now owns 9,862 shares of the enterprise software provider’s stock valued at $543,000 after purchasing an additional 182 shares during the last quarter. First Command Financial Services Inc. grew its position in shares of Oracle by 2.7% in the third quarter. First Command Financial Services Inc. now owns 7,102 shares of the enterprise software provider’s stock valued at $391,000 after purchasing an additional 187 shares during the last quarter. Boys Arnold & Co. Inc. grew its position in shares of Oracle by 0.4% in the third quarter. Boys Arnold & Co. Inc. now owns 50,890 shares of the enterprise software provider’s stock valued at $2,753,000 after purchasing an additional 201 shares during the last quarter. Finally, Farmers National Bank grew its position in shares of Oracle by 3.0% in the second quarter. Farmers National Bank now owns 7,172 shares of the enterprise software provider’s stock valued at $409,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 52.24% of the company’s stock.
In other Oracle news, Director Hector Garcia-Molina sold 4,643 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $56.59, for a total transaction of $262,747.37. Following the completion of the sale, the director now owns 38,562 shares in the company, valued at approximately $2,182,223.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 9,550 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.59, for a total transaction of $540,434.50. Insiders have sold a total of 18,836 shares of company stock valued at $1,065,140 in the last quarter. Corporate insiders own 36.60% of the company’s stock.
In other Oracle news, Director Hector Garcia-Molina sold 4,643 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $56.59, for a total transaction of $262,747.37. Following the completion of the sale, the director now owns 38,562 shares in the company, valued at approximately $2,182,223.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 9,550 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.59, for a total transaction of $540,434.50. Insiders have sold a total of 18,836 shares of company stock valued at $1,065,140 in the last quarter. Corporate insiders own 36.60% of the company’s stock.
ORCL has been the topic of a number of recent research reports. Evercore ISI reissued a “hold” rating and set a $55.00 target price on shares of Oracle in a research report on Sunday, December 15th. Barclays decreased their target price on Oracle from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, December 13th. Goldman Sachs Group reissued a “buy” rating and set a $62.00 target price on shares of Oracle in a research report on Monday, December 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $56.00 target price on shares of Oracle in a research report on Friday, December 13th. Finally, ValuEngine raised Oracle from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.67.
Shares of NYSE:ORCL traded up $0.13 during trading on Monday, reaching $54.58. The stock had a trading volume of 10,856,219 shares, compared to its average volume of 11,296,427. The company has a debt-to-equity ratio of 3.13, a current ratio of 2.37 and a quick ratio of 2.37. The business’s 50-day moving average price is $54.58 and its 200 day moving average price is $55.16. Oracle Co. has a 52 week low of $47.41 and a 52 week high of $60.50. The stock has a market capitalization of $174.66 billion, a PE ratio of 17.27, a P/E/G ratio of 1.61 and a beta of 1.13.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 12th. The enterprise software provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.02. Oracle had a net margin of 27.62% and a return on equity of 56.86%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.65 billion. During the same quarter in the previous year, the company posted $0.80 EPS. Oracle’s revenue was down .4% on a year-over-year basis. Analysts forecast that Oracle Co. will post 3.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, January 8th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.
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.