Strs Ohio reduced its position in Oracle Co. (NYSE:ORCL) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,144,750 shares of the enterprise software provider’s stock after selling 56,005 shares during the period. Strs Ohio’s holdings in Oracle were worth $61,484,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthquest Corp acquired a new stake in shares of Oracle during the fourth quarter valued at about $202,000. Smith Moore & CO. grew its stake in shares of Oracle by 7.8% during the fourth quarter. Smith Moore & CO. now owns 14,746 shares of the enterprise software provider’s stock valued at $666,000 after acquiring an additional 1,073 shares in the last quarter. SevenBridge Financial Group LLC grew its stake in shares of Oracle by 246.4% during the fourth quarter. SevenBridge Financial Group LLC now owns 46,361 shares of the enterprise software provider’s stock valued at $2,093,000 after acquiring an additional 32,978 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of Oracle by 10.9% during the fourth quarter. Trust Co. of Vermont now owns 54,368 shares of the enterprise software provider’s stock valued at $2,455,000 after acquiring an additional 5,341 shares in the last quarter. Finally, Perpetual Ltd grew its stake in shares of Oracle by 189.2% during the fourth quarter. Perpetual Ltd now owns 236,175 shares of the enterprise software provider’s stock valued at $10,585,000 after acquiring an additional 154,500 shares in the last quarter. 47.34% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ORCL opened at $54.13 on Wednesday. The stock has a market capitalization of $224.57 billion, a P/E ratio of 19.20, a PEG ratio of 1.80 and a beta of 1.08. Oracle Co. has a one year low of $42.40 and a one year high of $55.53. 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 company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. This is an increase from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is 34.04%.
In other Oracle news, insider Edward Screven sold 600,000 shares of Oracle stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $54.96, for a total value of $32,976,000.00. Following the completion of the transaction, the insider now directly owns 2,812,345 shares in the company, valued at $154,566,481.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.01, for a total value of $5,501,000.00. Following the completion of the transaction, the executive vice president now owns 177,919 shares of the company’s stock, valued at $9,787,324.19. The disclosure for this sale can be found here. Insiders sold 2,473,750 shares of company stock valued at $133,872,063 over the last quarter. Insiders own 32.00% of the company’s stock.
Several brokerages have recently weighed in on ORCL. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 target price on shares of Oracle in a research note on Wednesday, March 13th. Exane BNP Paribas began coverage on Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 target price for the company. Credit Suisse Group set a $60.00 target price on Oracle and gave the company a “buy” rating in a research note on Monday, March 11th. UBS Group raised their target price on Oracle to $54.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Finally, Raymond James raised their target price on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Three equities 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. The stock currently 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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