Everence Capital Management Inc. Acquires Shares of 49,172 Oracle Co. (NYSE:ORCL)


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Everence Capital Management Inc. acquired a new stake in Oracle Co. (NYSE:ORCL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,172 shares of the enterprise software provider’s stock, valued at approximately $3,450,000.

A number of other hedge funds have also added to or reduced their stakes in ORCL. Johnson Midwest Financial LLC acquired a new stake in Oracle in the 4th quarter valued at about $26,000. RWM Asset Management LLC acquired a new stake in Oracle in the 4th quarter valued at about $30,000. Cowa LLC acquired a new stake in Oracle in the 4th quarter valued at about $30,000. Kathmere Capital Management LLC acquired a new stake in Oracle in the 3rd quarter valued at about $31,000. Finally, Oder Investment Management LLC acquired a new stake in Oracle in the 4th quarter valued at about $31,000. Institutional investors own 47.54% of the company’s stock.

A number of analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Oracle in a report on Wednesday, March 3rd. They set a “neutral” rating and a $65.00 price target for the company. Bank of America assumed coverage on shares of Oracle in a report on Wednesday, December 16th. They set a “neutral” rating and a $68.00 price target for the company. Wedbush assumed coverage on shares of Oracle in a report on Wednesday, March 31st. They set a “neutral” rating and a $54.00 price target for the company. Stifel Nicolaus raised their price target on shares of Oracle from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, March 17th. Finally, KeyCorp lifted their target price on shares of Oracle from $70.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, March 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.04.

In other Oracle news, Director Rona Alison Fairhead acquired 2,530 shares of the company’s stock in a transaction on Tuesday, March 16th. The shares were bought at an average cost of $68.00 per share, for a total transaction of $172,040.00. Following the completion of the purchase, the director now owns 8,450 shares in the company, valued at approximately $574,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the transaction, the insider now owns 400,000 shares in the company, valued at $28,012,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,763,000 shares of company stock worth $251,378,960. 39.10% of the stock is currently owned by company insiders.

NYSE:ORCL traded up $1.22 during midday trading on Thursday, hitting $75.29. 406,275 shares of the company were exchanged, compared to its average volume of 12,720,444. The company has a fifty day simple moving average of $67.54 and a 200 day simple moving average of $62.24. Oracle Co. has a fifty-two week low of $50.86 and a fifty-two week high of $74.89. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 7.37. The company has a market capitalization of $217.10 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 announced its quarterly earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. The firm had revenue of $10.09 billion for the quarter, compared to analyst estimates of $10.07 billion. Oracle had a net margin of 26.34% and a return on equity of 101.26%. Oracle’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. As a group, equities research analysts expect that Oracle Co. will post 3.86 EPS for the current year.

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