JARISLOWSKY FRASER Ltd Buys 19,633 Shares of Oracle Co. (NYSE:ORCL)

JARISLOWSKY FRASER Ltd boosted its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,700,596 shares of the enterprise software provider’s stock after purchasing an additional 19,633 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Oracle were worth $179,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Oracle during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle in the 3rd quarter valued at about $27,000. Tidemark LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $29,000. Finally, Nordwand Advisors LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $30,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded down $1.18 during trading hours on Monday, hitting $122.91. The company’s stock had a trading volume of 7,173,400 shares, compared to its average volume of 8,001,191. The company has a 50 day moving average of $121.31 and a 200 day moving average of $115.05. The stock has a market cap of $337.82 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $98.77 and a 12-month high of $132.77.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. On average, sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORCL. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets boosted their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, Oppenheimer initiated coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Read Our Latest Analysis on ORCL

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 in the last ninety days. Insiders own 42.80% of the company’s stock.

About Oracle

(Free Report)

Oracle Corporation offers 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 Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

Read More

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.