Teachers Advisors LLC lowered its position in Oracle Co. (NYSE:ORCL) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,747,710 shares of the enterprise software provider’s stock after selling 1,395,612 shares during the quarter. Teachers Advisors LLC owned about 0.19% of Oracle worth $366,312,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Clearbridge Investments LLC boosted its holdings in shares of Oracle by 148.9% in the fourth quarter. Clearbridge Investments LLC now owns 15,759,813 shares of the enterprise software provider’s stock valued at $745,124,000 after acquiring an additional 9,429,236 shares in the last quarter. FMR LLC boosted its holdings in shares of Oracle by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after acquiring an additional 6,577,297 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Oracle by 50.2% in the fourth quarter. Mackenzie Financial Corp now owns 16,111,806 shares of the enterprise software provider’s stock valued at $761,766,000 after acquiring an additional 5,387,078 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Oracle by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after acquiring an additional 5,270,359 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of Oracle by 24.4% in the third quarter. Boston Partners now owns 23,924,971 shares of the enterprise software provider’s stock valued at $1,156,772,000 after acquiring an additional 4,699,334 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.
Several research analysts have recently issued reports on ORCL shares. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a report on Sunday, February 18th. Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $51.77 price objective for the company in a report on Monday, February 5th. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Instinet started coverage on shares of Oracle in a report on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price objective for the company. Finally, Nomura started coverage on shares of Oracle in a report on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 price objective for the company. Seventeen equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Oracle has a consensus rating of “Buy” and an average price target of $56.11.
Oracle (NYSE:ORCL) last released its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $9.77 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. research analysts expect that Oracle Co. will post 2.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be given a $0.19 dividend. 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 payout ratio is 30.52%.
Oracle declared that its board has authorized a share repurchase plan on Friday, February 2nd that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
In other news, Director Jeffrey Berg sold 75,000 shares of the firm’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $45.94, for a total transaction of $3,445,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $46.08, for a total transaction of $172,800.00. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $835,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 356,250 shares of company stock valued at $17,254,288. Insiders own 29.00% of the company’s stock.
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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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