Centric Wealth Management reduced its stake in Oracle Co. (NYSE:ORCL) by 33.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,034 shares of the enterprise software provider’s stock after selling 8,461 shares during the period. Centric Wealth Management’s holdings in Oracle were worth $915,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in ORCL. Kentucky Retirement Systems bought a new stake in Oracle during the 3rd quarter worth approximately $11,085,000. B. Riley Wealth Management Inc. bought a new stake in Oracle during the 3rd quarter worth approximately $314,000. Morgan Stanley increased its holdings in Oracle by 20.1% during the 3rd quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock worth $1,029,110,000 after purchasing an additional 3,340,653 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Oracle by 15.2% in the third quarter. ANTIPODES PARTNERS Ltd now owns 2,125,137 shares of the enterprise software provider’s stock valued at $109,572,000 after acquiring an additional 280,846 shares in the last quarter. Finally, Peninsula Wealth LLC grew its holdings in shares of Oracle by 48.4% in the third quarter. Peninsula Wealth LLC now owns 213,855 shares of the enterprise software provider’s stock valued at $11,026,000 after acquiring an additional 69,743 shares in the last quarter. 47.10% of the stock is owned by institutional investors.
Shares of NYSE ORCL traded up $0.03 during trading hours on Wednesday, hitting $54.20. The company’s stock had a trading volume of 8,257,003 shares, compared to its average volume of 13,321,876. 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 stock has a market capitalization of $225.61 billion, a PE ratio of 19.22, a PEG ratio of 1.81 and a beta of 1.08. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $55.53.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. Oracle’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. As a group, equities research analysts anticipate that Oracle Co. will post 3.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were paid a $0.24 dividend. The ex-dividend date was Wednesday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. Oracle’s dividend payout ratio (DPR) is presently 34.04%.
In related news, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $52.84, for a total value of $6,605,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total transaction of $204,450.00. Following the completion of the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,524,869.88. The disclosure for this sale can be found here. Insiders sold 2,473,750 shares of company stock worth $133,883,350 over the last three months. 32.00% of the stock is owned by insiders.
ORCL has been the subject of several recent analyst reports. Zacks Investment Research lowered Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Mitsubishi UFJ Financial Group upped their target price on Oracle from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, March 15th. BNP Paribas initiated coverage on Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price for the company. Standpoint Research lowered Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Oracle in a report on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.11.
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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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