Heartland Advisors Inc. boosted its position in shares of Oracle Co. (NYSE:ORCL) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,571 shares of the enterprise software provider’s stock after acquiring an additional 1,074 shares during the period. Heartland Advisors Inc.’s holdings in Oracle were worth $9,199,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Beach Investment Management LLC. bought a new position in Oracle during the second quarter valued at about $336,000. OMERS ADMINISTRATION Corp bought a new position in Oracle during the second quarter valued at about $2,495,000. Capital Analysts LLC increased its stake in Oracle by 1,184.8% during the second quarter. Capital Analysts LLC now owns 70,368 shares of the enterprise software provider’s stock valued at $3,528,000 after acquiring an additional 64,891 shares during the period. DSAM Partners London Ltd bought a new position in Oracle during the second quarter valued at about $22,191,000. Finally, Veritas Asset Management LLP increased its stake in Oracle by 6.3% during the second quarter. Veritas Asset Management LLP now owns 16,158,645 shares of the enterprise software provider’s stock valued at $810,194,000 after acquiring an additional 957,195 shares during the period. Hedge funds and other institutional investors own 58.03% of the company’s stock.
ORCL has been the topic of a number of recent research reports. JPMorgan Chase & Co. set a $55.00 price objective on Oracle and gave the company a “buy” rating in a report on Monday, December 18th. Nomura initiated coverage on Oracle in a report on Tuesday, January 23rd. They set a “buy” rating and a $64.00 price objective on the stock. Vetr raised Oracle from a “hold” rating to a “buy” rating and set a $51.77 price objective on the stock in a report on Monday, February 5th. OTR Global downgraded Oracle to a “positive” rating in a report on Friday, March 9th. Finally, Royal Bank of Canada set a $51.00 price objective on Oracle and gave the company a “neutral” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $55.99.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $6,517,640.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the sale, the insider now owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,952,500 shares of company stock worth $98,134,975. Company insiders own 29.00% of the company’s stock.
Oracle Co. (NYSE:ORCL) opened at $52.37 on Friday. Oracle Co. has a 1-year low of $43.60 and a 1-year high of $53.48. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $216,583.98, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.05.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities analysts expect that Oracle Co. will post 2.68 earnings per share for the current year.
Oracle announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 14th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
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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