Hills Bank & Trust Co. Raises Stake in Oracle Co. (ORCL)
Hills Bank & Trust Co. raised its position in Oracle Co. (NYSE:ORCL) by 15.0% during the first quarter, Holdings Channel reports. The firm owned 25,058 shares of the enterprise software provider’s stock after buying an additional 3,275 shares during the period. Hills Bank & Trust Co.’s holdings in Oracle were worth $1,118,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of ORCL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock worth $110,000 after buying an additional 107,202 shares during the period. Proficio Capital Partners LLC increased its position in shares of Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 135 shares during the last quarter. First Bank & Trust purchased a new position in shares of Oracle during the fourth quarter valued at approximately $141,000. Zions Bancorporation increased its position in shares of Oracle by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock valued at $152,000 after buying an additional 36 shares during the last quarter. Finally, WFG Advisors LP increased its position in shares of Oracle by 44.5% in the fourth quarter. WFG Advisors LP now owns 4,665 shares of the enterprise software provider’s stock valued at $162,000 after buying an additional 1,437 shares during the last quarter. Hedge funds and other institutional investors own 57.95% of the company’s stock.
Shares of Oracle Co. (NYSE:ORCL) opened at 44.53 on Friday. Oracle Co. has a 12 month low of $37.62 and a 12 month high of $46.99. The firm has a market cap of $183.23 billion, a P/E ratio of 21.06 and a beta of 1.14. The firm has a 50-day moving average of $44.06 and a 200 day moving average of $40.74. Oracle also was the target of some unusual options trading on Wednesday. Stock traders purchased 714 put options on the company. This represents an increase of 205% compared to the average volume of 234 put options.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. Oracle’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post $2.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.15. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. Oracle’s payout ratio is currently 28.99%.
Several equities analysts recently commented on the stock. Bank of America Corp reiterated a “buy” rating and set a $42.58 price target (down from $48.00) on shares of Oracle in a report on Tuesday, March 14th. Royal Bank of Canada upped their price target on shares of Oracle from $43.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, March 13th. Macquarie reiterated a “buy” rating and set a $48.00 price target on shares of Oracle in a report on Tuesday, March 14th. JMP Securities upgraded shares of Oracle from an “underperform” rating to a “market perform” rating and upped their price target for the company from $42.00 to $43.00 in a report on Thursday, March 16th. Finally, Cowen and Company upped their price target on shares of Oracle to $48.00 in a report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.89.
In other news, CEO Mark V. Hurd sold 700,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $46.44, for a total transaction of $32,508,000.00. Following the sale, the chief executive officer now directly owns 903,891 shares in the company, valued at $41,976,698.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Safra Catz sold 3,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $44.99, for a total value of $134,970,000.00. Following the sale, the chief executive officer now owns 3,461,860 shares in the company, valued at $155,749,081.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,337,240 shares of company stock worth $286,681,803. 29.00% of the stock is currently owned by company insiders.
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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