Archford Capital Strategies LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,696 shares of the enterprise software provider’s stock after acquiring an additional 1,007 shares during the quarter. Archford Capital Strategies LLC’s holdings in Oracle were worth $1,455,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norway Savings Bank lifted its position in shares of Oracle by 1.8% in the 3rd quarter. Norway Savings Bank now owns 30,241 shares of the enterprise software provider’s stock worth $2,634,000 after buying an additional 549 shares during the last quarter. Schneider Downs Wealth Management Advisors LP lifted its position in shares of Oracle by 5.0% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 9,069 shares of the enterprise software provider’s stock worth $790,000 after buying an additional 432 shares during the last quarter. Portland Global Advisors LLC bought a new position in shares of Oracle in the 3rd quarter worth about $261,000. Gillespie Robinson & Grimm Inc. lifted its position in shares of Oracle by 14.2% in the 3rd quarter. Gillespie Robinson & Grimm Inc. now owns 60,800 shares of the enterprise software provider’s stock worth $5,298,000 after buying an additional 7,575 shares during the last quarter. Finally, Five Oceans Advisors bought a new position in shares of Oracle in the 3rd quarter worth about $319,000. Hedge funds and other institutional investors own 45.13% of the company’s stock.
In related news, Director Rona Alison Fairhead bought 2,277 shares of the company’s stock in a transaction that occurred on Thursday, October 14th. The shares were acquired at an average price of $96.02 per share, with a total value of $218,637.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 156,635 shares of the business’s stock in a transaction on Monday, September 27th. The stock was sold at an average price of $90.03, for a total transaction of $14,101,849.05. The disclosure for this sale can be found here. In the last three months, insiders sold 467,376 shares of company stock worth $42,171,396. Insiders own 39.10% of the company’s stock.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.06. Oracle had a net margin of 34.17% and a return on equity of 217.87%. The company had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 4.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 26th. Stockholders of record on Tuesday, October 12th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, October 8th. Oracle’s dividend payout ratio is 27.18%.
A number of research firms recently weighed in on ORCL. Deutsche Bank Aktiengesellschaft began coverage on shares of Oracle in a report on Monday, November 1st. They issued a “hold” rating and a $110.00 price objective on the stock. TheStreet cut shares of Oracle from a “b” rating to a “c+” rating in a report on Tuesday, September 14th. Citigroup increased their price objective on shares of Oracle from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, September 15th. Credit Suisse Group began coverage on shares of Oracle in a report on Tuesday, November 16th. They issued an “outperform” rating and a $110.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of Oracle from $77.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, September 20th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.32.
Oracle Company Profile
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.
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