Zuckerman Investment Group LLC Buys New Position in Oracle Co. (NYSE:ORCL)

Zuckerman Investment Group LLC purchased a new position in Oracle Co. (NYSE:ORCLGet Rating) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,877 shares of the enterprise software provider’s stock, valued at approximately $481,000.

Several other large investors also recently bought and sold shares of the company. FMR LLC increased its stake in Oracle by 7.6% during the 2nd quarter. FMR LLC now owns 18,430,838 shares of the enterprise software provider’s stock worth $1,287,763,000 after buying an additional 1,299,311 shares during the period. Primecap Management Co. CA increased its position in shares of Oracle by 16.4% during the second quarter. Primecap Management Co. CA now owns 12,019,801 shares of the enterprise software provider’s stock worth $839,823,000 after acquiring an additional 1,693,271 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Oracle by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,524,116 shares of the enterprise software provider’s stock worth $953,393,000 after acquiring an additional 117,443 shares in the last quarter. Fiera Capital Corp boosted its holdings in Oracle by 1.8% in the second quarter. Fiera Capital Corp now owns 9,473,298 shares of the enterprise software provider’s stock valued at $661,899,000 after purchasing an additional 165,624 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Oracle by 3.4% during the 2nd quarter. Clearbridge Investments LLC now owns 7,938,781 shares of the enterprise software provider’s stock valued at $554,683,000 after purchasing an additional 264,266 shares in the last quarter. Institutional investors and hedge funds own 40.96% of the company’s stock.

Oracle Price Performance

Shares of ORCL stock traded down $1.86 during trading hours on Wednesday, reaching $87.84. The company had a trading volume of 768,430 shares, compared to its average volume of 6,571,189. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $90.10. The firm has a market cap of $236.84 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 2.83 and a beta of 1.02. The company has a 50 day moving average of $82.94 and a 200 day moving average of $76.26.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings data on Monday, December 12th. The enterprise software provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $12.28 billion for the quarter, compared to the consensus estimate of $12.01 billion. Oracle had a net margin of 19.09% and a negative return on equity of 189.46%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 3.93 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 10th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 40.13%.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $82.00, for a total value of $32,800,000.00. Following the sale, the insider now owns 1,792,688 shares in the company, valued at approximately $147,000,416. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $82.00, for a total transaction of $32,800,000.00. Following the completion of the sale, the insider now owns 1,792,688 shares of the company’s stock, valued at $147,000,416. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Boskin sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $80.08, for a total value of $7,207,200.00. Following the completion of the sale, the director now owns 82,607 shares of the company’s stock, valued at $6,615,168.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 690,000 shares of company stock worth $54,987,200. Company insiders own 43.70% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research analyst reports. Monness Crespi & Hardt started coverage on Oracle in a research note on Tuesday, December 13th. They set a “buy” rating and a $113.00 target price for the company. Barclays set a $81.00 price objective on shares of Oracle in a report on Tuesday, December 13th. The Goldman Sachs Group set a $72.00 target price on shares of Oracle in a research note on Tuesday, December 13th. DA Davidson began coverage on Oracle in a research note on Tuesday, January 17th. They issued a “neutral” rating and a $85.00 price target for the company. Finally, KeyCorp upped their price objective on Oracle from $94.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $92.54.

Oracle Company Profile

(Get Rating)

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

Recommended Stories

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.