America First Investment Advisors LLC acquired a new position in Oracle Co. (NYSE:ORCL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,153 shares of the enterprise software provider’s stock, valued at approximately $81,000.
A number of other institutional investors have also recently modified their holdings of the stock. Dividend Assets Capital LLC increased its position in Oracle by 41.8% in the 1st quarter. Dividend Assets Capital LLC now owns 780 shares of the enterprise software provider’s stock valued at $55,000 after buying an additional 230 shares in the last quarter. Park Avenue Securities LLC increased its position in Oracle by 8.9% in the 1st quarter. Park Avenue Securities LLC now owns 12,455 shares of the enterprise software provider’s stock valued at $874,000 after buying an additional 1,022 shares in the last quarter. Sonora Investment Management LLC increased its position in Oracle by 51.6% in the 1st quarter. Sonora Investment Management LLC now owns 109,652 shares of the enterprise software provider’s stock valued at $7,694,000 after buying an additional 37,299 shares in the last quarter. Minneapolis Portfolio Management Group LLC bought a new stake in Oracle in the 1st quarter valued at about $33,929,000. Finally, Lindbrook Capital LLC increased its position in Oracle by 2.6% in the 1st quarter. Lindbrook Capital LLC now owns 6,958 shares of the enterprise software provider’s stock valued at $488,000 after buying an additional 174 shares in the last quarter. 47.54% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Oracle from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, March 17th. Jefferies Financial Group set a $65.00 price target on Oracle and gave the company a “neutral” rating in a research note on Thursday, March 11th. Sanford C. Bernstein reiterated a “buy” rating and set a $81.00 price target on shares of Oracle in a research note on Thursday, March 11th. Barclays upgraded Oracle from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.00 to $80.00 in a research note on Thursday, March 11th. Finally, Monness Crespi & Hardt lifted their price target on Oracle from $82.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, March 11th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $71.36.
Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The business had revenue of $10.09 billion during the quarter, compared to the consensus estimate of $10.07 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that Oracle Co. will post 3.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, April 7th. This is a boost from Oracle’s previous quarterly dividend of $0.24. Oracle’s dividend payout ratio (DPR) is currently 36.99%.
In related news, Director Rona Alison Fairhead acquired 2,530 shares of the stock in a transaction on Tuesday, March 16th. The stock was bought at an average cost of $68.00 per share, with a total value of $172,040.00. Following the transaction, the director now directly owns 8,450 shares in the company, valued at $574,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the completion of the sale, the insider now directly owns 400,000 shares of the company’s stock, valued at $28,012,000. The disclosure for this sale can be found here. Insiders have sold a total of 4,508,000 shares of company stock worth $306,882,810 over the last 90 days. Insiders own 39.10% of the company’s stock.
Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.
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