Norges Bank purchased a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,369,201 shares of the enterprise software provider’s stock, valued at approximately $1,235,719,000. Norges Bank owned approximately 0.66% of Oracle as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Csenge Advisory Group bought a new stake in Oracle during the third quarter valued at $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. Institutional investors own 47.39% of the company’s stock.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $51.51, for a total transaction of $193,162.50. Following the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,440,683.19. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 37,500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $53.10, for a total value of $1,991,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,773,750 shares of company stock worth $95,395,063. 32.00% of the stock is owned by company insiders.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the previous year, the business earned $0.83 EPS. Oracle’s revenue was down .7% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 3.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be issued a dividend of $0.24 per share. 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. This is an increase from Oracle’s previous quarterly dividend of $0.19. Oracle’s payout ratio is currently 34.04%.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Royal Bank of Canada lifted their price target on Oracle to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, March 15th. DZ Bank reaffirmed a “sell” rating on shares of Oracle in a research note on Tuesday, March 19th. BNP Paribas assumed coverage on Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 price target for the company. Finally, Raymond James lifted their price target on Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target 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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