Oracle Co. (ORCL) Stake Boosted by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. lifted its stake in Oracle Co. (NYSE:ORCL) by 1.7% during the 3rd quarter, Holdings Channel reports. The fund owned 2,713,416 shares of the enterprise software provider’s stock after purchasing an additional 44,703 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in Oracle were worth $131,194,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares in the last quarter. Burt Wealth Advisors lifted its holdings in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in Oracle by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after buying an additional 947 shares in the last quarter. ETF Managers Group LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $133,000. Finally, Monroe Bank & Trust MI lifted its holdings in Oracle by 30.5% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock worth $144,000 after buying an additional 675 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the completion of the sale, the director now owns 62,498 shares of the company’s stock, valued at approximately $3,208,647.32. The disclosure for this sale can be found here. Insiders sold a total of 1,956,250 shares of company stock valued at $98,313,363 in the last 90 days. Company insiders own 29.00% of the company’s stock.

A number of research firms have issued reports on ORCL. JPMorgan Chase & Co. set a $55.00 target price on shares of Oracle and gave the stock a “buy” rating in a report on Monday, December 18th. Nomura began coverage on shares of Oracle in a report on Tuesday, January 23rd. They set a “buy” rating and a $64.00 target price on the stock. Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $51.77 target price on the stock in a report on Monday. Royal Bank of Canada set a $51.00 target price on shares of Oracle and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, Instinet assumed coverage on shares of Oracle in a report on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $55.39.

Oracle Co. (ORCL) opened at $46.84 on Friday. Oracle Co. has a 52-week low of $40.05 and a 52-week high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The stock has a market cap of $195,490.00, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the firm posted $0.61 EPS. Oracle’s revenue for the quarter was up 6.2% on a year-over-year basis. equities analysts anticipate that Oracle Co. will post 2.68 earnings per share for the current fiscal year.

Oracle announced that its board has approved a stock buyback program on Thursday, December 14th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s payout ratio is currently 32.62%.

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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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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