First Personal Financial Services Has $4.84 Million Stake in Oracle Co. (ORCL)
First Personal Financial Services increased its holdings in Oracle Co. (NYSE:ORCL) by 9.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,452 shares of the enterprise software provider’s stock after buying an additional 9,047 shares during the period. First Personal Financial Services’ holdings in Oracle were worth $4,844,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Douglas Lane & Associates LLC raised its position in Oracle by 62.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,194,319 shares of the enterprise software provider’s stock valued at $56,467,000 after purchasing an additional 460,458 shares in the last quarter. JLB & Associates Inc. raised its position in Oracle by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 231,706 shares of the enterprise software provider’s stock valued at $10,955,000 after purchasing an additional 4,114 shares in the last quarter. Hermes Investment Management Ltd. acquired a new position in Oracle during the fourth quarter valued at approximately $341,000. SG Americas Securities LLC raised its position in Oracle by 3.7% during the fourth quarter. SG Americas Securities LLC now owns 480,019 shares of the enterprise software provider’s stock valued at $22,695,000 after purchasing an additional 17,333 shares in the last quarter. Finally, Hallmark Capital Management Inc. raised its position in Oracle by 0.4% during the fourth quarter. Hallmark Capital Management Inc. now owns 355,516 shares of the enterprise software provider’s stock valued at $16,809,000 after purchasing an additional 1,472 shares in the last quarter. Institutional investors own 58.36% of the company’s stock.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the sale, the director now owns 62,498 shares of the company’s stock, valued at $3,208,647.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the sale, the executive vice president now directly owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 1,956,250 shares of company stock worth $98,316,475 in the last ninety days. Insiders own 29.00% of the company’s stock.
Shares of Oracle Co. (NYSE ORCL) opened at $50.32 on Friday. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The company has a market cap of $208,300.00, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. Oracle Co. has a 1 year low of $42.25 and a 1 year high of $53.14.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. equities research analysts expect that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/first-personal-financial-services-has-4-84-million-stake-in-oracle-co-orcl/1906595.html.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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: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.