Teachers Insurance & Annuity Association of America purchased a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,766 shares of the enterprise software provider’s stock, valued at approximately $1,030,000.
Several other large investors also recently modified their holdings of ORCL. Acrospire Investment Management LLC grew its holdings in shares of Oracle by 947.4% during the 2nd 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 last quarter. Tarbox Family Office Inc. grew its holdings in shares of Oracle by 71.1% during the 4th 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 last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Oracle by 81,200.0% during the 3rd 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 last quarter. Cerebellum GP LLC bought a new position in shares of Oracle during the 4th quarter valued at $126,000. Finally, ETF Managers Group LLC bought a new position in shares of Oracle during the 2nd quarter valued at $133,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
ORCL has been the topic of several recent research reports. ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 target price on shares of Oracle in a report on Tuesday, January 2nd. Morgan Stanley raised shares of Oracle from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $46.63 to $47.71 in a report on Wednesday, January 3rd. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target on the stock. in a report on Wednesday, January 17th. Finally, Royal Bank of Canada set a $51.00 price target on shares of Oracle and gave the stock a “neutral” rating in a report on Monday, January 22nd. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price 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 analysts’ consensus estimates of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the company posted $0.69 EPS. Oracle’s revenue was up 5.4% on a year-over-year basis. research analysts forecast that Oracle Co. will post 2.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a yield of 1.64%. Oracle’s dividend payout ratio (DPR) is currently 30.52%.
Oracle announced that its board has authorized a share repurchase plan on Friday, February 2nd that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $46.08, for a total transaction of $172,800.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $835,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the sale, the director now owns 62,498 shares of the company’s stock, valued at $3,208,647.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,250 shares of company stock valued at $17,254,288. 29.00% of the stock is currently owned by corporate insiders.
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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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