American Century Companies Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 26.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,138,481 shares of the enterprise software provider’s stock after selling 2,527,632 shares during the period. American Century Companies Inc. owned approximately 0.17% of Oracle worth $368,060,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Truvestments Capital LLC acquired a new position in shares of Oracle during the 3rd quarter worth approximately $107,000. WESPAC Advisors SoCal LLC acquired a new position in shares of Oracle during the 3rd quarter worth approximately $119,000. ELM Advisors LLC acquired a new position in shares of Oracle during the 3rd quarter worth approximately $122,000. Kiley Juergens Wealth Management LLC grew its position in shares of Oracle by 70.9% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Palo Capital Inc. acquired a new position in shares of Oracle during the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 53.38% of the company’s stock.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. KeyCorp restated a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Credit Suisse Group reiterated a “buy” rating and set a $60.00 price target on shares of Oracle in a research report on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 price target on shares of Oracle in a research report on Tuesday, September 18th. Finally, Wedbush reiterated a “neutral” rating and set a $49.00 price target on shares of Oracle in a research report on Tuesday, September 18th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.71.
Shares of NYSE:ORCL opened at $50.61 on Friday. The company has a market capitalization of $203.88 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a one year low of $42.57 and a one year high of $53.48.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.26 billion. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, research analysts forecast that Oracle Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.50%. The ex-dividend date was Monday, October 15th. Oracle’s payout ratio is 26.95%.
Oracle declared that its Board of Directors has approved a stock buyback plan on Monday, September 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to buy up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $49.42, for a total value of $185,325.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 131,696 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the completion of the transaction, the executive vice president now directly owns 109,615 shares of the company’s stock, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. In the last three months, insiders sold 142,946 shares of company stock valued at $7,248,965. 32.00% of the stock is owned by insiders.
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Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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