Actinver Wealth Management Inc. acquired a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,490 shares of the enterprise software provider’s stock, valued at approximately $1,278,000.
A number of other institutional investors have also made changes to their positions in the business. Csenge Advisory Group purchased a new stake in shares of Oracle in the 3rd quarter worth $25,000. Massey Quick Simon & CO. LLC lifted its holdings in shares of Oracle by 220.9% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after buying an additional 413 shares during the period. Riverview Trust Co purchased a new stake in shares of Oracle in the 4th quarter worth $35,000. Truehand Inc purchased a new stake in shares of Oracle in the 4th quarter worth $36,000. Finally, ERTS Wealth Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter worth $36,000. 47.39% of the stock is currently owned by institutional investors.
Shares of NYSE ORCL opened at $54.52 on Monday. 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 firm has a market cap of $225.69 billion, a P/E ratio of 19.33, a P/E/G 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be paid a dividend of $0.24 per share. 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 dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. Oracle’s dividend payout ratio is 34.04%.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $51.54, for a total value of $193,275.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,441,522.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark V. Hurd sold 1,200,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total value of $64,596,000.00. Following the completion of the sale, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at $89,585,339.41. The disclosure for this sale can be found here. Insiders have sold a total of 1,773,750 shares of company stock valued at $95,395,063 over the last 90 days. 32.00% of the stock is currently owned by company insiders.
Several brokerages have weighed in on ORCL. Exane BNP Paribas began coverage on Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price for the company. BNP Paribas began coverage on Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price for the company. DZ Bank reiterated a “sell” rating on shares of Oracle in a report on Tuesday, March 19th. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $60.00 target price on shares of Oracle in a report on Monday, March 18th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Oracle presently has an average rating of “Hold” and a consensus target price of $52.53.
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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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