Roberts Wealth Advisors LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,881 shares of the enterprise software provider’s stock after acquiring an additional 341 shares during the period. Roberts Wealth Advisors LLC’s holdings in Oracle were worth $1,162,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wilson & Boucher Capital Management LLC raised its position in shares of Oracle by 3.1% during the 4th quarter. Wilson & Boucher Capital Management LLC now owns 17,730 shares of the enterprise software provider’s stock valued at $1,449,000 after acquiring an additional 530 shares during the last quarter. Carret Asset Management LLC raised its position in shares of Oracle by 8.2% during the 4th quarter. Carret Asset Management LLC now owns 110,009 shares of the enterprise software provider’s stock valued at $8,992,000 after acquiring an additional 8,295 shares during the last quarter. Butensky & Cohen Financial Security Inc. raised its position in shares of Oracle by 2.4% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 49,322 shares of the enterprise software provider’s stock valued at $4,032,000 after acquiring an additional 1,142 shares during the last quarter. American National Bank raised its position in shares of Oracle by 0.7% during the 4th quarter. American National Bank now owns 19,225 shares of the enterprise software provider’s stock valued at $1,571,000 after acquiring an additional 126 shares during the last quarter. Finally, First Community Trust NA raised its position in shares of Oracle by 45.8% during the 4th quarter. First Community Trust NA now owns 583 shares of the enterprise software provider’s stock valued at $48,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 40.96% of the company’s stock.
Insider Transactions at Oracle
In other news, Director Rona Alison Fairhead sold 8,080 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $89.82, for a total transaction of $725,745.60. Following the transaction, the director now directly owns 11,197 shares of the company’s stock, valued at $1,005,714.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 43.70% of the company’s stock.
Analyst Ratings Changes
Oracle Price Performance
Oracle stock traded up $0.44 during trading hours on Friday, hitting $85.26. The company had a trading volume of 13,066,028 shares, compared to its average volume of 7,163,995. The firm has a market cap of $230.18 billion, a PE ratio of 28.14, a PEG ratio of 2.65 and a beta of 1.02. Oracle Co. has a one year low of $60.78 and a one year high of $91.22. The firm has a 50-day moving average of $87.66 and a 200 day moving average of $79.42.
Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The enterprise software provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. Oracle had a net margin of 17.46% and a negative return on equity of 262.40%. The firm had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.42 billion. During the same period in the prior year, the firm earned $0.94 EPS. The business’s revenue was up 17.9% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 3.99 earnings per share for the current year.
Oracle Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Tuesday, April 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. Oracle’s dividend payout ratio (DPR) is currently 42.24%.
Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.
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