Macquarie Group Ltd. decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,157,241 shares of the enterprise software provider’s stock after selling 96,238 shares during the period. Oracle makes up about 1.3% of Macquarie Group Ltd.’s holdings, making the stock its 15th largest holding. Macquarie Group Ltd. owned 0.37% of Oracle worth $684,346,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Csenge Advisory Group bought a new stake in Oracle during the third quarter worth about $25,000. Massey Quick Simon & CO. LLC lifted its stake in Oracle by 220.9% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after purchasing an additional 413 shares during the last quarter. Riverview Trust Co bought a new stake in Oracle during the fourth quarter worth about $35,000. Truehand Inc bought a new stake in Oracle during the fourth quarter worth about $36,000. Finally, ERTS Wealth Advisors LLC bought a new stake in Oracle during the fourth quarter worth about $36,000. 47.39% of the stock is owned by institutional investors.
In related news, CEO Mark V. Hurd sold 1,200,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,664,227 shares in the company, valued at approximately $89,585,339.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $54.50, for a total value of $204,375.00. Following the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,524,310.50. The disclosure for this sale can be found here. In the last three months, insiders sold 1,773,750 shares of company stock valued at $95,395,063. 32.00% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on ORCL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 price target on shares of Oracle in a research note on Tuesday, December 18th. UBS Group reaffirmed a “neutral” rating and set a $51.00 price target on shares of Oracle in a research note on Tuesday, December 18th. Royal Bank of Canada lifted their price target on Oracle to $55.00 in a research note on Tuesday, December 18th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $57.00 price target on shares of Oracle in a research note on Tuesday, December 18th. Finally, Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, December 19th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $52.53.
NYSE ORCL opened at $54.59 on Wednesday. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $54.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a market capitalization of $226.73 billion, a PE ratio of 19.36, a P/E/G ratio of 1.81 and a beta of 1.08.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, beating 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 company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the company posted $0.83 EPS. Oracle’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 3.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.19. Oracle’s payout ratio is 34.04%.
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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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