Oracle Corporation (ORCL) is Strategy Asset Managers LLC’s 6th Largest Position
Strategy Asset Managers LLC boosted its holdings in Oracle Corporation (NYSE:ORCL) by 22.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,359 shares of the enterprise software provider’s stock after acquiring an additional 46,866 shares during the quarter. Oracle comprises about 2.5% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 6th biggest holding. Strategy Asset Managers LLC’s holdings in Oracle were worth $12,443,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of ORCL. Acrospire Investment Management LLC raised its position in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors increased its stake in Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Oracle in the 2nd quarter worth about $129,000. ETF Managers Group LLC purchased a new position in Oracle in the 2nd quarter worth about $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Oracle by 17.4% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 57.89% of the company’s stock.
In related news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last three months, insiders sold 107,500 shares of company stock valued at $5,123,613. 29.00% of the stock is currently owned by company insiders.
Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. equities research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current year.
Oracle announced that its board has authorized a stock buyback program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. Oracle’s payout ratio is 32.62%.
ORCL has been the topic of a number of analyst reports. UBS Group set a $55.00 price target on Oracle and gave the stock a “neutral” rating in a research note on Friday, December 15th. Vetr raised Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target on the stock in a research note on Thursday, November 2nd. BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Oppenheimer reissued a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Finally, Goldman Sachs Group set a $56.00 price target on Oracle and gave the stock a “buy” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.28.
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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.
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