Coldstream Capital Management Inc. cut its holdings in Oracle Co. (NYSE:ORCL) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,047 shares of the enterprise software provider’s stock after selling 212 shares during the period. Coldstream Capital Management Inc.’s holdings in Oracle were worth $634,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Northern Trust Corp increased its holdings in shares of Oracle by 0.6% during the 4th quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock worth $1,821,360,000 after buying an additional 238,058 shares during the last quarter. Clearbridge Investments LLC boosted its position in Oracle by 5.1% during the 3rd quarter. Clearbridge Investments LLC now owns 21,161,401 shares of the enterprise software provider’s stock worth $1,091,082,000 after purchasing an additional 1,022,017 shares during the period. Morgan Stanley boosted its position in Oracle by 20.1% during the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock worth $1,029,110,000 after purchasing an additional 3,340,653 shares during the period. Nordea Investment Management AB boosted its position in Oracle by 4.1% during the 4th quarter. Nordea Investment Management AB now owns 15,877,915 shares of the enterprise software provider’s stock worth $716,891,000 after purchasing an additional 626,766 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Oracle by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 14,543,137 shares of the enterprise software provider’s stock worth $656,623,000 after purchasing an additional 420,553 shares during the period. Institutional investors own 47.39% of the company’s stock.
NYSE:ORCL opened at $54.52 on Friday. 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 $225.69 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.81 and a beta of 1.08. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $54.91.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be given a $0.24 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. Oracle’s dividend payout ratio is presently 34.04%.
In other news, EVP Dorian Daley sold 125,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $52.84, for a total transaction of $6,605,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $54.03, for a total transaction of $21,612,000.00. Following the transaction, the insider now directly owns 400,000 shares in the company, valued at approximately $21,612,000. The disclosure for this sale can be found here. Over 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.
A number of analysts recently weighed in on the stock. DZ Bank reaffirmed a “sell” rating on shares of Oracle in a research report on Tuesday, March 19th. Nomura reaffirmed a “reduce” rating and set a $42.00 price target (down from $53.00) on shares of Oracle in a research report on Monday, March 11th. Royal Bank of Canada upped their price target on shares of Oracle to $57.00 and gave the stock a “sector perform” rating in a research report on Friday, March 15th. Raymond James upped their price target on shares of Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, UBS Group upped their price target on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Three investment 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’s stock. Oracle currently has an average rating of “Hold” and an average price target of $52.53.
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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