Financial Architects Inc Sells 304 Shares of Oracle Co. (NYSE:ORCL)
Financial Architects Inc reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,255 shares of the enterprise software provider’s stock after selling 304 shares during the quarter. Financial Architects Inc’s holdings in Oracle were worth $351,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Magellan Asset Management Ltd lifted its holdings in shares of Oracle by 44.1% in the fourth quarter. Magellan Asset Management Ltd now owns 15,760 shares of the enterprise software provider’s stock valued at $835,000 after purchasing an additional 4,822 shares in the last quarter. AustralianSuper Pty Ltd grew its position in shares of Oracle by 4.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 939,397 shares of the enterprise software provider’s stock valued at $49,769,000 after purchasing an additional 41,447 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Oracle by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,817 shares of the enterprise software provider’s stock worth $255,000 after buying an additional 267 shares in the last quarter. Granite Investment Advisors LLC grew its position in Oracle by 2.4% during the fourth quarter. Granite Investment Advisors LLC now owns 146,301 shares of the enterprise software provider’s stock worth $7,751,000 after buying an additional 3,365 shares in the last quarter. Finally, United Capital Management of KS Inc. lifted its stake in Oracle by 13.4% during the fourth quarter. United Capital Management of KS Inc. now owns 40,971 shares of the enterprise software provider’s stock worth $2,171,000 after purchasing an additional 4,855 shares during the last quarter. Hedge funds and other institutional investors own 51.91% of the company’s stock.
In related news, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $51.73, for a total value of $51,730,000.00. Following the transaction, the chief executive officer now directly owns 2,368,592 shares of the company’s stock, valued at approximately $122,527,264.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles W. Moorman bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average cost of $48.59 per share, for a total transaction of $971,800.00. Following the completion of the transaction, the director now directly owns 38,561 shares in the company, valued at $1,873,678.99. The disclosure for this purchase can be found here. Company insiders own 36.60% of the company’s stock.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. Oracle had a net margin of 27.06% and a return on equity of 64.68%. The business had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period last year, the business earned $0.87 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 3.47 earnings per share for the current fiscal year.
Oracle declared that its Board of Directors has initiated a stock buyback program on Thursday, March 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to repurchase up to 9.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Thursday, April 9th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Wednesday, April 8th. Oracle’s dividend payout ratio (DPR) is 30.38%.
A number of equities research analysts have recently weighed in on the company. Cleveland Research raised Oracle from a “neutral” rating to a “buy” rating in a research note on Monday, March 9th. Credit Suisse Group set a $57.00 price target on Oracle and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, April 21st. BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Tuesday, March 31st. Finally, Wells Fargo & Co lowered their price target on Oracle from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $53.57.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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