Benjamin F. Edwards & Company Inc. boosted its holdings in Oracle Co. (NYSE:ORCL) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 59,385 shares of the enterprise software provider’s stock after buying an additional 3,244 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Oracle were worth $2,808,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Oracle by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after purchasing an additional 5,270,359 shares during the period. BlackRock Inc. grew its position in shares of Oracle by 2.5% during the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after buying an additional 4,678,977 shares during the period. Harris Associates L P grew its position in shares of Oracle by 17.9% during the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after buying an additional 7,427,501 shares during the period. Northern Trust Corp grew its position in shares of Oracle by 4.6% during the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after buying an additional 1,835,835 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of Oracle by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock worth $2,091,710,000 after buying an additional 482,220 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.
Several analysts have recently commented on the stock. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $51.30 price objective for the company. in a research report on Thursday, February 15th. Instinet assumed coverage on shares of Oracle in a research report on Wednesday, January 24th. They set a “buy” rating and a $51.12 price objective for the company. Cleveland Research downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Sunday, February 18th. Finally, BMO Capital Markets reduced their price objective on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $55.38.
Oracle Co. (ORCL) opened at $49.59 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. Oracle Co. has a 52 week low of $42.25 and a 52 week high of $53.14. The firm has a market capitalization of $205,280.00, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08.
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, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion for 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 business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. equities research analysts anticipate that Oracle Co. will post 2.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s payout ratio is 32.62%.
Oracle announced that its board has approved a share buyback program on Thursday, December 14th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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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