Community Financial Services Group LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,010 shares of the enterprise software provider’s stock after purchasing an additional 255 shares during the period. Community Financial Services Group LLC’s holdings in Oracle were worth $276,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC boosted its stake in Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after purchasing an additional 346 shares in the last quarter. C J Advisory Inc acquired a new position in Oracle in the third quarter worth $31,000. Next Capital Management LLC acquired a new position in Oracle in the second quarter worth $36,000. Shamrock Asset Management LLC boosted its stake in Oracle by 577.0% in the second quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 577 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in Oracle in the second quarter worth $40,000. Institutional investors and hedge funds own 53.81% of the company’s stock.
Shares of ORCL opened at $54.26 on Friday. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $60.50. The stock’s fifty day simple moving average is $54.36 and its 200-day simple moving average is $54.76. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. The firm has a market capitalization of $177.68 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, October 9th. Oracle’s payout ratio is 30.38%.
Oracle declared that its board has authorized a share buyback plan on Wednesday, September 11th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to purchase up to 8.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
ORCL has been the topic of a number of recent analyst reports. Goldman Sachs Group set a $62.00 price objective on Oracle and gave the stock a “buy” rating in a research note on Friday, September 20th. William Blair reissued a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. Stifel Nicolaus reissued a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. Sanford C. Bernstein set a $66.00 price objective on Oracle and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Cowen initiated coverage on Oracle in a research note on Friday, August 16th. They issued a “buy” rating and a $65.00 price objective on the stock. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.38.
In other Oracle news, Director Hector Garcia-Molina sold 4,643 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $56.59, for a total value of $262,747.37. Following the completion of the sale, the director now directly owns 38,562 shares in the company, valued at $2,182,223.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total value of $40,792,500.00. Following the transaction, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The disclosure for this sale can be found here. Insiders sold 849,786 shares of company stock worth $44,213,156 in the last three months. Insiders own 36.60% 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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