Stillwater Capital Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL) by 26.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,101 shares of the enterprise software provider’s stock after buying an additional 59,595 shares during the quarter. Oracle accounts for approximately 3.2% of Stillwater Capital Advisors LLC’s holdings, making the stock its 9th biggest holding. Stillwater Capital Advisors LLC’s holdings in Oracle were worth $13,622,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Oracle by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after buying an additional 5,270,359 shares during the last quarter. BlackRock Inc. grew its position in shares of Oracle by 2.5% during the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after buying an additional 4,678,977 shares during the last quarter. Harris Associates L P grew its position in shares of Oracle by 17.9% during the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after buying an additional 7,427,501 shares during the last quarter. Northern Trust Corp grew its position in shares of Oracle by 4.6% during the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after buying an additional 1,835,835 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Oracle by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after buying an additional 482,220 shares during the last quarter. Hedge funds and other institutional investors own 58.36% of the company’s stock.
Shares of Oracle Co. (ORCL) opened at $50.71 on Monday. Oracle Co. has a one year low of $41.50 and a one year high of $53.14. The company has a market cap of $209,919.22, a P/E ratio of 19.35, a P/E/G ratio of 1.93 and a beta of 1.08. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. equities analysts predict that Oracle Co. will post 2.68 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.
Oracle announced that its Board of Directors has approved a stock buyback plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
A number of brokerages recently weighed in on ORCL. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 price objective for the company. in a research report on Thursday. Credit Suisse Group reaffirmed a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Sunday. Instinet began coverage on shares of Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective for the company. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets decreased their target price on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.38.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $877,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,956,250 shares of company stock valued at $98,316,475. 29.00% of the stock is 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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