Quadrature Capital Ltd boosted its holdings in Oracle Co. (NYSE:ORCL) by 47.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 228,138 shares of the enterprise software provider’s stock after buying an additional 73,327 shares during the period. Oracle makes up about 1.0% of Quadrature Capital Ltd’s investment portfolio, making the stock its 22nd largest position. Quadrature Capital Ltd’s holdings in Oracle were worth $10,795,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Acrospire Investment Management LLC increased its position in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the period. Tarbox Family Office Inc. increased its position in shares of Oracle by 71.1% during the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 965 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Oracle by 81,200.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the period. Cerebellum GP LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $126,000. Finally, ETF Managers Group LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $133,000. 57.94% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. Morgan Stanley restated a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. Oppenheimer restated a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. TheStreet cut Oracle from a “b+” rating to a “c+” rating in a research report on Monday, March 19th. Finally, Instinet assumed coverage on Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective on the stock. Sixteen equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $56.11.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.11. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts anticipate that Oracle Co. will post 2.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, April 16th. Oracle’s dividend payout ratio (DPR) is presently 30.52%.
Oracle declared that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total transaction of $186,450.00. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $901,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the transaction, the executive vice president now directly owns 37,576 shares in the company, valued at approximately $1,953,952. The disclosure for this sale can be found here. Insiders have sold 1,981,250 shares of company stock worth $99,315,438 in the last ninety days. 29.00% of the stock is currently owned by insiders.
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Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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