Wedgewood Investors Inc. PA Has $287,000 Stock Position in Oracle Co. (NYSE:ORCL)

Wedgewood Investors Inc. PA trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 6.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,083 shares of the enterprise software provider’s stock after selling 267 shares during the quarter. Wedgewood Investors Inc. PA’s holdings in Oracle were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. TIAA FSB lifted its stake in shares of Oracle by 1.0% during the fourth 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 during the period. Boston Trust Walden Corp grew its holdings 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 worth $85,527,000 after acquiring an additional 5,292 shares during the period. Harfst & Associates Inc. lifted its stake in shares of Oracle by 52.4% in the 4th quarter. Harfst & Associates Inc. now owns 8,596 shares of the enterprise software provider’s stock valued at $556,000 after purchasing an additional 2,954 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Oracle by 37.4% in the 1st quarter. J.W. Cole Advisors Inc. now owns 25,207 shares of the enterprise software provider’s stock worth $1,769,000 after purchasing an additional 6,861 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in Oracle by 6.8% in the first quarter. SOA Wealth Advisors LLC. now owns 22,517 shares of the enterprise software provider’s stock valued at $1,580,000 after purchasing an additional 1,427 shares during the last quarter. 47.54% of the stock is owned by hedge funds and other institutional investors.

NYSE ORCL traded up $0.67 on Tuesday, hitting $78.00. 302,798 shares of the stock traded hands, compared to its average volume of 12,669,851. The firm has a market capitalization of $224.92 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.79 and a beta of 0.76. The business’s fifty day moving average is $72.88 and its two-hundred day moving average is $64.35. The company has a debt-to-equity ratio of 7.37, a quick ratio of 2.17 and a current ratio of 2.17. Oracle Co. has a 12 month low of $50.86 and a 12 month high of $80.21.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, April 22nd. Shareholders of record on Thursday, April 8th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, April 7th. This is a positive change from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 1.64%. Oracle’s payout ratio is presently 36.99%.

A number of analysts have recently commented on the company. DZ Bank reaffirmed a “hold” rating and issued a $80.00 price target on shares of Oracle in a research note on Tuesday, April 27th. Societe Generale reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, March 17th. Monness Crespi & Hardt raised their price objective on Oracle from $82.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, March 11th. Wolfe Research assumed coverage on Oracle in a report on Wednesday, April 28th. They set a “peer perform” rating and a $75.00 price target for the company. Finally, BMO Capital Markets raised their target price on shares of Oracle from $64.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 9th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $71.36.

In other news, Director Rona Alison Fairhead bought 2,530 shares of the business’s stock in a transaction on Tuesday, March 16th. The stock was acquired at an average price of $68.00 per share, with a total value of $172,040.00. Following the completion of the purchase, the director now directly owns 8,450 shares in the company, valued at $574,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Safra Catz sold 1,150,000 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $66.31, for a total transaction of $76,256,500.00. Following the transaction, the chief executive officer now owns 2,218,592 shares in the company, valued at $147,114,835.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,508,000 shares of company stock worth $306,882,810. Corporate insiders own 39.10% of the company’s stock.

About Oracle

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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