Ritholtz Wealth Management trimmed its position in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 4.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,790 shares of the enterprise software provider’s stock after selling 2,346 shares during the quarter. Ritholtz Wealth Management’s holdings in Oracle were worth $3,898,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of ORCL. BlackRock Inc. raised its holdings in shares of Oracle by 1.6% during the 4th quarter. BlackRock Inc. now owns 119,247,252 shares of the enterprise software provider’s stock valued at $10,399,550,000 after buying an additional 1,886,260 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Oracle by 0.8% during the first quarter. First Eagle Investment Management LLC now owns 25,924,820 shares of the enterprise software provider’s stock valued at $2,144,760,000 after buying an additional 204,315 shares during the last quarter. Fisher Asset Management LLC raised its stake in Oracle by 4.7% during the first quarter. Fisher Asset Management LLC now owns 16,758,831 shares of the enterprise software provider’s stock valued at $1,386,458,000 after buying an additional 757,743 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Oracle by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,524,116 shares of the enterprise software provider’s stock worth $953,393,000 after purchasing an additional 117,443 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Oracle in the fourth quarter worth $947,274,000. Institutional investors own 41.92% of the company’s stock.
Insider Buying and Selling
In other Oracle news, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.10% of the stock is owned by insiders.
Oracle Trading Down 2.2 %
Oracle (NYSE:ORCL – Get Rating) last issued its quarterly earnings data on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). The business had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.44 billion. Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. Oracle’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, sell-side analysts expect that Oracle Co. will post 4.13 earnings per share for the current year.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Wednesday, October 12th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, October 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. Oracle’s payout ratio is 60.95%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ORCL. Citigroup set a $81.00 price objective on Oracle in a research note on Monday, June 20th. Morgan Stanley upped their target price on Oracle from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 20th. Societe Generale dropped their price objective on Oracle to $91.00 in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on Oracle from $82.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, September 13th. Finally, Guggenheim started coverage on Oracle in a report on Friday, August 12th. They set a “buy” rating and a $107.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Hold” and an average price target of $88.67.
Oracle Company Profile
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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