Longview Partners Guernsey LTD trimmed its position in Oracle Co. (NYSE:ORCL) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,063,149 shares of the enterprise software provider’s stock after selling 357,100 shares during the period. Oracle accounts for approximately 4.6% of Longview Partners Guernsey LTD’s investment portfolio, making the stock its 10th biggest holding. Longview Partners Guernsey LTD owned about 0.46% of Oracle worth $860,701,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. grew its position in Oracle by 6.1% during the 4th quarter. Oakworth Capital Inc. now owns 13,820 shares of the enterprise software provider’s stock worth $623,000 after purchasing an additional 799 shares during the period. Berman Capital Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter worth about $153,000. Meridian Investment Counsel Inc. boosted its stake in shares of Oracle by 2.0% during the 4th quarter. Meridian Investment Counsel Inc. now owns 27,858 shares of the enterprise software provider’s stock worth $1,258,000 after acquiring an additional 553 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oracle by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,351,607 shares of the enterprise software provider’s stock worth $377,074,000 after acquiring an additional 393,223 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its stake in shares of Oracle by 13.4% during the 4th quarter. Convergence Investment Partners LLC now owns 60,450 shares of the enterprise software provider’s stock worth $2,729,000 after acquiring an additional 7,135 shares in the last quarter. 47.34% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark V. Hurd sold 1,200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the sale, the chief executive officer now owns 1,664,227 shares of the company’s stock, valued at approximately $89,585,339.41. The disclosure for this sale can be found here. Insiders have sold a total of 1,873,750 shares of company stock valued at $100,896,063 in the last 90 days. Insiders own 32.00% of the company’s stock.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $0.83 EPS. The business’s revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 3.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio (DPR) is currently 34.04%.
ORCL has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Mitsubishi UFJ Financial Group increased their target price on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Morgan Stanley lowered shares of Oracle from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $57.00 to $53.00 in a research note on Tuesday, January 15th. BNP Paribas initiated coverage on shares of Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 target price on the stock. Finally, Goldman Sachs Group reissued a “buy” rating and set a $55.00 target price on shares of Oracle in a research note on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus 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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