Citizens Financial Group Inc RI trimmed its stake in Oracle Co. (NYSE:ORCL) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,599 shares of the enterprise software provider’s stock after selling 2,185 shares during the period. Citizens Financial Group Inc RI’s holdings in Oracle were worth $10,034,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of ORCL. Truvestments Capital LLC purchased a new position in Oracle during the 3rd quarter valued at about $107,000. WESPAC Advisors SoCal LLC purchased a new position in Oracle during the 3rd quarter valued at about $119,000. ELM Advisors LLC purchased a new position in Oracle during the 3rd quarter valued at about $122,000. Kiley Juergens Wealth Management LLC lifted its position in 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 valued at $141,000 after acquiring an additional 1,140 shares during the period. Finally, Palo Capital Inc. purchased a new position in Oracle during the 3rd quarter valued at about $141,000. 53.38% of the stock is owned by hedge funds and other institutional investors.
Shares of ORCL stock opened at $50.61 on Friday. Oracle Co. has a 52 week low of $42.57 and a 52 week high of $53.48. The company has a market capitalization of $203.88 billion, a PE ratio of 17.95, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.26 billion. During the same period in the previous year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 3.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, October 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. Oracle’s dividend payout ratio is presently 26.95%.
Oracle announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
A number of research analysts recently issued reports on ORCL shares. UBS Group lifted their price target on shares of Oracle from $48.00 to $51.00 and gave the company a “positive” rating in a research report on Thursday, August 9th. Societe Generale set a $50.00 price objective on shares of Oracle and gave the company a “neutral” rating in a research note on Tuesday, August 14th. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. Barclays raised their price objective on shares of Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Finally, KeyCorp restated a “hold” rating on shares of Oracle in a research note on Wednesday, September 12th. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.71.
In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $47.26, for a total value of $177,225.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,321,814.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of Oracle stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the completion of the sale, the executive vice president now owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Insiders sold 142,946 shares of company stock valued at $7,248,965 over the last quarter. Company insiders own 32.00% of the company’s stock.
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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