Mutual Advisors LLC Grows Position in Oracle Co. (ORCL)
Mutual Advisors LLC increased its stake in Oracle Co. (NYSE:ORCL) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,667 shares of the enterprise software provider’s stock after acquiring an additional 3,947 shares during the period. Mutual Advisors LLC’s holdings in Oracle were worth $1,926,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted its holdings in Oracle by 1.9% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 33,678 shares of the enterprise software provider’s stock worth $1,521,000 after purchasing an additional 628 shares during the last quarter. National Pension Service boosted its holdings in Oracle by 6.0% in the fourth quarter. National Pension Service now owns 2,927,072 shares of the enterprise software provider’s stock worth $150,686,000 after purchasing an additional 164,989 shares during the last quarter. Peak Asset Management LLC boosted its holdings in Oracle by 3.8% in the fourth quarter. Peak Asset Management LLC now owns 168,944 shares of the enterprise software provider’s stock worth $7,628,000 after purchasing an additional 6,242 shares during the last quarter. Hancock Whitney Corp boosted its holdings in Oracle by 8.2% in the fourth quarter. Hancock Whitney Corp now owns 48,189 shares of the enterprise software provider’s stock worth $2,176,000 after purchasing an additional 3,639 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Oracle by 0.8% in the fourth quarter. Legal & General Group Plc now owns 12,658,229 shares of the enterprise software provider’s stock worth $571,518,000 after purchasing an additional 102,598 shares during the last quarter. 47.41% of the stock is owned by institutional investors.
Shares of ORCL stock opened at $54.63 on Tuesday. The firm has a market cap of $222.67 billion, a PE ratio of 19.37, a PEG ratio of 1.78 and a beta of 1.08. Oracle Co. has a one year low of $42.40 and a one year high of $54.75. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. This is an increase from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 34.04%.
Several equities research analysts recently issued reports on ORCL shares. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Mitsubishi UFJ Financial Group raised their target price on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Morgan Stanley cut shares of Oracle from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $57.00 to $53.00 in a report on Tuesday, January 15th. BNP Paribas started coverage on shares of Oracle in a research report on Friday, March 29th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price target on shares of Oracle in a research report on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.53.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $51.54, for a total transaction of $193,275.00. Following the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,441,522.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark V. Hurd sold 1,200,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $53.83, for a total transaction of $64,596,000.00. Following the sale, the chief executive officer now owns 1,664,227 shares in the company, valued at $89,585,339.41. The disclosure for this sale can be found here. Insiders have sold a total of 1,770,000 shares of company stock worth $95,190,688 over the last 90 days. Insiders own 32.00% of the company’s stock.
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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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