New England Research & Management Inc. Buys 13,094 Shares of Oracle Co. (NYSE:ORCL)

New England Research & Management Inc. lifted its stake in Oracle Co. (NYSE:ORCL) by 291.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,594 shares of the enterprise software provider’s stock after buying an additional 13,094 shares during the quarter. New England Research & Management Inc.’s holdings in Oracle were worth $932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in Oracle during the 3rd quarter valued at approximately $28,000. Winthrop Partners WNY LLC purchased a new position in Oracle during the 3rd quarter valued at approximately $30,000. C J Advisory Inc purchased a new position in Oracle during the 3rd quarter valued at approximately $31,000. Massey Quick Simon & CO. LLC purchased a new position in Oracle during the 3rd quarter valued at approximately $40,000. Finally, Simon Quick Advisors LLC grew its holdings in Oracle by 58.5% during the 4th quarter. Simon Quick Advisors LLC now owns 1,151 shares of the enterprise software provider’s stock valued at $61,000 after buying an additional 425 shares in the last quarter. 52.24% of the stock is currently owned by institutional investors.

Shares of Oracle stock traded up $0.30 on Tuesday, reaching $54.88. The company had a trading volume of 12,373,720 shares, compared to its average volume of 11,372,436. The firm has a market cap of $174.66 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.61 and a beta of 1.13. The company has a debt-to-equity ratio of 3.13, a current ratio of 2.37 and a quick ratio of 2.37. The firm’s 50-day moving average price is $54.47 and its two-hundred day moving average price is $55.13. Oracle Co. has a 1 year low of $47.41 and a 1 year high of $60.50.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 12th. The enterprise software provider reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.65 billion. Oracle had a return on equity of 56.86% and a net margin of 27.62%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. As a group, analysts anticipate that Oracle Co. will post 3.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, January 8th. Oracle’s dividend payout ratio (DPR) is 30.38%.

Several equities analysts have weighed in on the company. Barclays cut their price target on Oracle from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, December 13th. Wedbush raised their price target on Oracle from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, December 13th. UBS Group restated a “neutral” rating and set a $57.00 price target on shares of Oracle in a report on Monday, December 9th. Goldman Sachs Group restated a “buy” rating and set a $62.00 price target on shares of Oracle in a report on Monday, December 16th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $66.00 price target on shares of Oracle in a report on Friday, December 13th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $57.67.

In other Oracle news, Director Jeffrey Berg sold 9,550 shares of Oracle stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.59, for a total transaction of $540,434.50. Also, Director Hector Garcia-Molina sold 4,643 shares of Oracle stock in a transaction on Friday, November 15th. The shares were sold at an average price of $56.42, for a total value of $261,958.06. Following the sale, the director now directly owns 38,562 shares of the company’s stock, valued at $2,175,668.04. The disclosure for this sale can be found here. 36.60% of the stock is currently 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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