Advanced Asset Management Advisors Inc bought a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,000 shares of the enterprise software provider’s stock, valued at approximately $1,580,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Matthew Goff Investment Advisor LLC increased its stake in shares of Oracle by 4,306.0% in the third quarter. Matthew Goff Investment Advisor LLC now owns 5,431,102 shares of the enterprise software provider’s stock valued at $123,266,000 after buying an additional 5,307,836 shares during the period. Franklin Resources Inc. increased its stake in shares of Oracle by 13.1% in the third quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after buying an additional 3,393,152 shares during the period. Morgan Stanley increased its stake in shares of Oracle by 20.1% in the third quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock valued at $1,029,110,000 after buying an additional 3,340,653 shares during the period. Magellan Asset Management Ltd increased its stake in shares of Oracle by 11.3% in the third quarter. Magellan Asset Management Ltd now owns 30,787,975 shares of the enterprise software provider’s stock valued at $1,587,428,000 after buying an additional 3,124,391 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Oracle by 186.4% in the third quarter. Renaissance Technologies LLC now owns 3,092,232 shares of the enterprise software provider’s stock valued at $159,435,000 after buying an additional 2,012,432 shares during the period. 49.81% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on ORCL. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Royal Bank of Canada upped their price objective on Oracle to $55.00 in a research note on Tuesday, December 18th. Standpoint Research downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday. Sanford C. Bernstein reiterated a “buy” rating and issued a $57.00 target price on shares of Oracle in a report on Tuesday, December 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Oracle in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Oracle has a consensus rating of “Hold” and an average target price of $52.62.
Oracle stock opened at $52.48 on Friday. The company has a market cap of $215.71 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. Oracle Co. has a 52-week low of $42.40 and a 52-week high of $53.48. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. The firm had revenue of $9.57 billion for the quarter, compared to analysts’ expectations of $9.52 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 3.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 16th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, January 15th. Oracle’s payout ratio is 26.95%.
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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.
Further Reading: Convertible Shares
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