18,551 Shares in Oracle Co. (NYSE:ORCL) Purchased by TrimTabs Asset Management LLC

TrimTabs Asset Management LLC bought a new position in Oracle Co. (NYSE:ORCL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,551 shares of the enterprise software provider’s stock, valued at approximately $1,303,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. TIAA FSB boosted its position in Oracle by 1.0% during the 4th quarter. TIAA FSB now owns 278,233 shares of the enterprise software provider’s stock valued at $17,999,000 after acquiring an additional 2,726 shares in the last quarter. Boston Trust Walden Corp boosted its position in Oracle by 0.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,322,102 shares of the enterprise software provider’s stock valued at $85,527,000 after acquiring an additional 5,292 shares in the last quarter. Harfst & Associates Inc. boosted its position in Oracle by 52.4% during the 4th quarter. Harfst & Associates Inc. now owns 8,596 shares of the enterprise software provider’s stock valued at $556,000 after acquiring an additional 2,954 shares in the last quarter. Westbourne Investment Advisors Inc. bought a new stake in Oracle during the 4th quarter valued at approximately $692,000. Finally, Fort Pitt Capital Group LLC boosted its position in Oracle by 8.7% during the 4th quarter. Fort Pitt Capital Group LLC now owns 85,964 shares of the enterprise software provider’s stock valued at $5,561,000 after acquiring an additional 6,846 shares in the last quarter. 47.54% of the stock is currently owned by institutional investors.

In other news, Director Rona Alison Fairhead bought 2,530 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The stock was bought at an average price of $68.00 per share, with a total value of $172,040.00. Following the acquisition, the director now owns 8,450 shares of the company’s stock, valued at approximately $574,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Safra Catz sold 1,013,000 shares of the company’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $66.42, for a total transaction of $67,283,460.00. Following the completion of the transaction, the chief executive officer now directly owns 1,778,592 shares of the company’s stock, valued at approximately $118,134,080.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,763,000 shares of company stock valued at $251,378,960. Insiders own 39.10% of the company’s stock.

Several analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a “buy” rating and set a $81.00 price objective on shares of Oracle in a research report on Thursday, March 11th. The Goldman Sachs Group initiated coverage on shares of Oracle in a report on Thursday, January 21st. They set a “sell” rating and a $60.00 target price for the company. Piper Sandler lifted their target price on shares of Oracle from $50.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, December 11th. Societe Generale reiterated a “hold” rating on shares of Oracle in a report on Wednesday, March 17th. Finally, Credit Suisse Group lifted their target price on shares of Oracle from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, March 17th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.04.

Shares of ORCL stock traded up $1.04 during mid-day trading on Thursday, reaching $75.11. 343,740 shares of the company’s stock traded hands, compared to its average volume of 12,720,444. Oracle Co. has a 12 month low of $50.86 and a 12 month high of $74.89. The firm has a 50 day moving average price of $67.54 and a two-hundred day moving average price of $62.24. The company has a debt-to-equity ratio of 7.37, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market capitalization of $216.58 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The firm had revenue of $10.09 billion during the quarter, compared to the consensus estimate of $10.07 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 3.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th will be given a dividend of $0.32 per share. This is an increase from Oracle’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, April 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. Oracle’s payout ratio is presently 27.75%.

Oracle Company Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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