Bradley Foster & Sargent Inc. CT increased its stake in Oracle Co. (NYSE:ORCL) by 93.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,038 shares of the enterprise software provider’s stock after purchasing an additional 43,483 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Oracle were worth $4,119,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Tarbox Family Office Inc. lifted its stake in Oracle by 71.1% during the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after acquiring an additional 965 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after acquiring an additional 2,436 shares during the period. Cerebellum GP LLC acquired a new stake in Oracle during the 4th quarter valued at approximately $126,000. Field & Main Bank acquired a new stake in Oracle during the 4th quarter valued at approximately $135,000. Finally, Burt Wealth Advisors lifted its stake in Oracle by 46.5% during the 3rd quarter. Burt Wealth Advisors now owns 3,151 shares of the enterprise software provider’s stock valued at $152,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 57.79% of the company’s stock.
In other news, insider Thomas Kurian sold 137,843 shares of the company’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $46.13, for a total transaction of $6,358,697.59. Following the completion of the sale, the insider now owns 160,826 shares of the company’s stock, valued at $7,418,903.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $46.51, for a total transaction of $174,412.50. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $842,993.75. The disclosure for this sale can be found here. Insiders have sold 2,557,015 shares of company stock valued at $117,480,315 in the last ninety days. Insiders own 29.00% of the company’s stock.
Oracle opened at $46.54 on Friday, Marketbeat reports. Oracle Co. has a 52-week low of $46.46 and a 52-week high of $46.74. The firm has a market cap of $193.77 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. The company has a quick ratio of 4.30, a current ratio of 4.33 and a debt-to-equity ratio of 1.16.
Oracle (NYSE:ORCL) last released its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities research analysts anticipate that Oracle Co. will post 2.76 EPS for the current fiscal year.
Oracle announced that its board has initiated a share buyback program on Friday, February 2nd that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, April 16th. Oracle’s payout ratio is 30.52%.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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