Townsquare Capital LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 89,962 shares of the enterprise software provider’s stock, valued at approximately $4,610,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Csenge Advisory Group bought a new stake in Oracle in the 3rd quarter worth approximately $25,000. Massey Quick Simon & CO. LLC lifted its position in 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 last quarter. Riverview Trust Co bought a new stake in Oracle in the 4th quarter worth approximately $35,000. Truehand Inc bought a new stake in Oracle in the 4th quarter worth approximately $36,000. Finally, NumerixS Investment Technologies Inc bought a new stake in Oracle in the 4th quarter worth approximately $40,000. Institutional investors own 47.39% of the company’s stock.
A number of analysts recently weighed in on ORCL shares. Credit Suisse Group set a $60.00 target price on Oracle and gave the stock a “buy” rating in a research report on Monday, March 11th. Standpoint Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $42.69 price objective for the company in a research report on Wednesday, December 26th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Oracle in a research report on Thursday, February 14th. Morgan Stanley downgraded Oracle from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $57.00 to $53.00 in a research report on Tuesday, January 15th. Finally, Barclays downgraded Oracle from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $60.00 to $55.00 in a research report on Wednesday, January 9th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $52.53.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $9.59 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 3.08 earnings per share for the current fiscal 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 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 1.74%. The ex-dividend date is Wednesday, April 10th. Oracle’s dividend payout ratio is currently 34.04%.
In other news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.01, for a total transaction of $5,501,000.00. Following the transaction, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at $9,787,324.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on 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 directly owns 27,969 shares in the company, valued at $1,524,310.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,873,750 shares of company stock worth $100,896,063. Insiders own 32.00% of the company’s stock.
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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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