Dakota Wealth Management cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,777 shares of the enterprise software provider’s stock after selling 283 shares during the period. Dakota Wealth Management’s holdings in Oracle were worth $370,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Quadrant Capital Group LLC increased its position in Oracle by 0.7% in the fourth quarter. Quadrant Capital Group LLC now owns 34,344 shares of the enterprise software provider’s stock worth $1,528,000 after buying an additional 230 shares in the last quarter. Hedeker Wealth LLC grew its position in shares of Oracle by 0.7% during the fourth quarter. Hedeker Wealth LLC now owns 53,121 shares of the enterprise software provider’s stock worth $2,398,000 after purchasing an additional 361 shares in the last quarter. Radnor Capital Management LLC grew its position in shares of Oracle by 8.0% during the fourth quarter. Radnor Capital Management LLC now owns 5,400 shares of the enterprise software provider’s stock worth $244,000 after purchasing an additional 400 shares in the last quarter. Clarkston Capital Partners LLC grew its position in shares of Oracle by 5.6% during the fourth quarter. Clarkston Capital Partners LLC now owns 7,549 shares of the enterprise software provider’s stock worth $341,000 after purchasing an additional 401 shares in the last quarter. Finally, Dubuque Bank & Trust Co. grew its position in shares of Oracle by 0.3% during the fourth quarter. Dubuque Bank & Trust Co. now owns 133,187 shares of the enterprise software provider’s stock worth $6,013,000 after purchasing an additional 411 shares in the last quarter. 50.84% of the stock is currently owned by hedge funds and other institutional investors.
ORCL stock opened at $51.03 on Monday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $211.24 billion, a PE ratio of 16.90, a P/E/G ratio of 1.70 and a beta of 1.09. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $53.48.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 17th. The enterprise software provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The firm had revenue of $9.57 billion for the quarter, compared to analysts’ expectations of $9.52 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 3.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 30th. Investors of record on Wednesday, January 16th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, January 15th. Oracle’s dividend payout ratio is presently 26.95%.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $50.01, for a total transaction of $187,537.50. Following the transaction, the director now directly owns 27,969 shares in the company, valued at $1,398,729.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 6,302 shares of the company’s stock in a transaction on Monday, December 24th. The stock was sold at an average price of $43.24, for a total value of $272,498.48. Following the transaction, the executive vice president now owns 77,919 shares in the company, valued at $3,369,217.56. The disclosure for this sale can be found here. Insiders sold 42,552 shares of company stock worth $1,939,861 over the last quarter. 32.00% of the stock is currently owned by insiders.
ORCL has been the topic of several research reports. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Morgan Stanley downgraded Oracle from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $57.00 to $53.00 in a report on Tuesday, January 15th. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price target on shares of Oracle in a report on Wednesday, October 24th. KeyCorp reissued a “hold” rating on shares of Oracle in a research report on Friday, October 26th. Finally, Needham & Company LLC started coverage on Oracle in a research report on Monday, October 22nd. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.56.
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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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