Brave Asset Management Inc. Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Brave Asset Management Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,133 shares of the enterprise software provider’s stock after buying an additional 763 shares during the period. Oracle makes up about 1.4% of Brave Asset Management Inc.’s investment portfolio, making the stock its 21st biggest position. Brave Asset Management Inc.’s holdings in Oracle were worth $2,374,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ORCL. Evolution Wealth Advisors LLC raised its holdings in shares of Oracle by 346.0% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after purchasing an additional 346 shares in the last quarter. C J Advisory Inc bought a new stake in shares of Oracle in the 3rd quarter valued at about $31,000. Next Capital Management LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $36,000. Shamrock Asset Management LLC raised its stake in shares of Oracle by 577.0% during the 2nd quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 577 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Oracle during the 2nd quarter worth approximately $40,000. 53.81% of the stock is owned by institutional investors.

Several research analysts recently commented on ORCL shares. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research note on Tuesday, September 10th. Credit Suisse Group set a $62.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Argus reiterated a “buy” rating on shares of Oracle in a research note on Friday, September 13th. Cowen started coverage on shares of Oracle in a research note on Friday, August 16th. They set a “buy” rating and a $65.00 price objective for the company. Finally, Macquarie reiterated a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $56.38.

NYSE:ORCL opened at $54.26 on Friday. The company has a market cap of $177.62 billion, a PE ratio of 17.17, a P/E/G ratio of 1.60 and a beta of 1.16. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67. The company’s 50 day moving average is $54.36 and its two-hundred day moving average is $54.76.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. Oracle’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. As a group, analysts expect that Oracle Co. will post 3.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, October 9th. Oracle’s dividend payout ratio is presently 30.38%.

Oracle announced that its board has approved a stock repurchase plan on Wednesday, September 11th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to purchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Hector Garcia-Molina sold 4,643 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $56.59, for a total value of $262,747.37. Following the sale, the director now directly owns 38,562 shares of the company’s stock, valued at approximately $2,182,223.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,038,755 shares in the company, valued at $53,807,509. The disclosure for this sale can be found here. In the last three months, insiders have sold 849,786 shares of company stock worth $44,213,156. 36.60% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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