Freedman Financial Associates Inc. Raises Stake in Oracle Co. (NYSE:ORCL)

Freedman Financial Associates Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCLGet Rating) by 5.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,291 shares of the enterprise software provider’s stock after purchasing an additional 176 shares during the period. Freedman Financial Associates Inc.’s holdings in Oracle were worth $277,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Oracle during the fourth quarter worth about $947,274,000. Nordea Investment Management AB boosted its holdings in Oracle by 44.3% during the first quarter. Nordea Investment Management AB now owns 6,366,409 shares of the enterprise software provider’s stock worth $531,468,000 after buying an additional 1,953,713 shares in the last quarter. BlackRock Inc. boosted its holdings in Oracle by 1.6% during the fourth quarter. BlackRock Inc. now owns 119,247,252 shares of the enterprise software provider’s stock worth $10,399,550,000 after buying an additional 1,886,260 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Oracle during the fourth quarter worth about $156,466,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Oracle during the fourth quarter worth about $92,526,000. 42.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of ORCL stock traded down $0.08 during trading hours on Thursday, reaching $66.45. The stock had a trading volume of 122,518 shares, compared to its average volume of 9,297,072. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34. The firm has a 50-day simple moving average of $72.19 and a 200-day simple moving average of $79.62. The firm has a market capitalization of $177.30 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.91 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last announced its earnings results on Monday, June 13th. The enterprise software provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.17. The firm had revenue of $11.84 billion during the quarter, compared to analyst estimates of $11.65 billion. Oracle had a net margin of 15.83% and a negative return on equity of 193.58%. Oracle’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Analysts predict that Oracle Co. will post 4.43 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a yield of 1.93%. Oracle’s dividend payout ratio is presently 53.33%.

ORCL has been the subject of a number of research reports. Jefferies Financial Group lifted their target price on shares of Oracle from $75.00 to $80.00 in a research report on Tuesday, June 14th. Deutsche Bank Rese… set a $110.00 target price on shares of Oracle in a research report on Monday. Cowen cut their target price on shares of Oracle from $107.00 to $98.00 in a research report on Thursday, June 9th. Stifel Nicolaus cut their target price on shares of Oracle from $83.00 to $72.00 in a research report on Tuesday, June 14th. Finally, Citigroup set a $81.00 price objective on shares of Oracle in a research report on Monday. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $90.13.

In other Oracle news, Director Renee Jo James sold 6,000 shares of the firm’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $84.11, for a total value of $504,660.00. Following the completion of the transaction, the director now directly owns 41,886 shares in the company, valued at $3,523,031.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The disclosure for this sale can be found here. Insiders sold a total of 2,006,000 shares of company stock valued at $135,454,660 in the last quarter. 39.10% of the stock is currently owned by insiders.

Oracle Company Profile (Get Rating)

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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