Pennsylvania Trust Co grew its stake in Oracle Co. (NYSE:ORCL) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,698 shares of the enterprise software provider’s stock after buying an additional 6,843 shares during the quarter. Pennsylvania Trust Co’s holdings in Oracle were worth $10,579,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ORCL. Atria Investments LLC raised its holdings in Oracle by 7.0% in the 4th quarter. Atria Investments LLC now owns 87,426 shares of the enterprise software provider’s stock worth $4,134,000 after purchasing an additional 5,705 shares during the period. Ayalon Holdings Ltd. acquired a new position in Oracle in the 4th quarter worth about $903,000. Trellis Advisors LLC acquired a new position in Oracle in the 4th quarter worth about $289,000. Hexavest Inc. raised its holdings in Oracle by 6.4% in the 4th quarter. Hexavest Inc. now owns 1,918,146 shares of the enterprise software provider’s stock worth $90,690,000 after purchasing an additional 115,242 shares during the period. Finally, Stillwater Capital Advisors LLC raised its holdings in Oracle by 26.1% in the 4th quarter. Stillwater Capital Advisors LLC now owns 288,101 shares of the enterprise software provider’s stock worth $13,622,000 after purchasing an additional 59,595 shares during the period. 58.36% of the stock is owned by institutional investors and hedge funds.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total transaction of $186,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,956,250 shares of company stock valued at $98,316,475. Company insiders own 29.00% of the company’s stock.
Oracle Co. (ORCL) opened at $50.71 on Tuesday. The firm has a market capitalization of $209,920.00, a P/E ratio of 21.76, a P/E/G ratio of 1.93 and a beta of 1.08. Oracle Co. has a 52-week low of $41.50 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. analysts anticipate that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle declared that its board has approved a stock repurchase program on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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 dividend of $0.19 per share. The ex-dividend date was Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. Oracle’s dividend payout ratio is currently 32.62%.
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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