Oracle Co. (ORCL) Shares Bought by Janus Henderson Group PLC
Janus Henderson Group PLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 94.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,235,171 shares of the enterprise software provider’s stock after purchasing an additional 2,542,725 shares during the quarter. Janus Henderson Group PLC’s holdings in Oracle were worth $253,104,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC raised its stake in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors raised its stake in shares of Oracle by 4.3% during the second 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 during the last quarter. ETF Managers Group LLC purchased a new stake in shares of Oracle during the second quarter worth approximately $133,000. Monroe Bank & Trust MI raised its stake in shares of Oracle by 30.5% during the second quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock worth $144,000 after purchasing an additional 675 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Oracle by 65.9% during the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.
Oracle Co. (NYSE:ORCL) opened at $46.84 on Friday. Oracle Co. has a 52-week low of $40.05 and a 52-week high of $53.14. The firm has a market capitalization of $202,302.34, a price-to-earnings ratio of 18.65, a PEG ratio of 1.86 and a beta of 1.08. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, January 9th. Oracle’s dividend payout ratio is currently 32.62%.
Oracle announced that its board has approved a share 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 buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
ORCL has been the subject of several analyst reports. Canaccord Genuity cut their price target on Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, December 15th. Wedbush restated a “buy” rating and set a $58.00 price target on shares of Oracle in a research note on Friday, December 15th. Vetr cut Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target for the company. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price target on Oracle and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, BidaskClub upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. Oracle presently has an average rating of “Buy” and a consensus target price of $55.39.
In related news, insider Thomas Kurian sold 1,700,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the sale, the insider now owns 1,522,983 shares of the company’s stock, valued at $76,590,815.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction 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 sale, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,956,250 shares of company stock valued at $98,313,363. Company insiders own 29.00% of the company’s stock.
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Oracle Company Profile
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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