Levin Capital Strategies L.P. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 735,682 shares of the enterprise software provider’s stock after buying an additional 39,777 shares during the period. Levin Capital Strategies L.P.’s holdings in Oracle were worth $28,287,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ORCL. CHICAGO TRUST Co NA increased its stake in Oracle by 6.2% in the third quarter. CHICAGO TRUST Co NA now owns 56,425 shares of the enterprise software provider’s stock valued at $2,217,000 after buying an additional 3,304 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Oracle during the third quarter valued at approximately $589,000. Atria Investments LLC increased its stake in Oracle by 85.3% in the third quarter. Atria Investments LLC now owns 53,472 shares of the enterprise software provider’s stock valued at $2,100,000 after buying an additional 24,619 shares during the last quarter. Culbertson A N & Co. Inc. increased its stake in Oracle by 0.4% in the third quarter. Culbertson A N & Co. Inc. now owns 109,616 shares of the enterprise software provider’s stock valued at $4,306,000 after buying an additional 455 shares during the last quarter. Finally, Perkins Coie Trust Co increased its stake in Oracle by 1.6% in the third quarter. Perkins Coie Trust Co now owns 57,829 shares of the enterprise software provider’s stock valued at $2,271,000 after buying an additional 904 shares during the last quarter. 57.95% of the stock is owned by hedge funds and other institutional investors.
Oracle Co. (NYSE:ORCL) opened at 44.65 on Monday. The company has a market cap of $183.72 billion, a price-to-earnings ratio of 21.12 and a beta of 1.14. The company’s 50 day moving average is $42.59 and its 200 day moving average is $40.14. Oracle Co. has a 12-month low of $37.62 and a 12-month high of $46.99.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.25 billion. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. Analysts forecast that Oracle Co. will post $2.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be issued a $0.19 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.70%. Oracle’s dividend payout ratio (DPR) is presently 28.99%.
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Several research firms have recently commented on ORCL. BTIG Research reissued a “buy” rating and set a $47.00 target price on shares of Oracle in a research report on Thursday, March 16th. Wunderlich reissued a “hold” rating and set a $46.00 target price (up from $43.00) on shares of Oracle in a research report on Monday, March 20th. Pacific Crest restated an “equal weight” rating on shares of Oracle in a report on Monday, March 20th. Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $47.09 price target on the stock in a report on Monday, March 20th. Finally, JMP Securities upgraded shares of Oracle from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $42.00 to $43.00 in a report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.81.
In other Oracle news, insider Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $46.61, for a total transaction of $18,644,000.00. Following the transaction, the insider now owns 400,000 shares of the company’s stock, valued at $18,644,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Safra Catz sold 3,000,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $44.99, for a total transaction of $134,970,000.00. Following the transaction, the chief executive officer now directly owns 3,461,860 shares in the company, valued at approximately $155,749,081.40. The disclosure for this sale can be found here. In the last three months, insiders sold 5,172,401 shares of company stock worth $234,375,807. 29.00% of the stock is currently owned by insiders.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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