Commonwealth Bank of Australia lifted its position in Oracle Co. (NYSE:ORCL) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 450,290 shares of the enterprise software provider’s stock after buying an additional 32,276 shares during the period. Commonwealth Bank of Australia’s holdings in Oracle were worth $20,323,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ORCL. Wealthquest Corp purchased a new position in Oracle in the fourth quarter worth $202,000. Trust Co. of Vermont grew its position in Oracle by 10.9% in the fourth quarter. Trust Co. of Vermont now owns 54,368 shares of the enterprise software provider’s stock worth $2,455,000 after acquiring an additional 5,341 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its position in Oracle by 27.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 108,209 shares of the enterprise software provider’s stock worth $4,886,000 after acquiring an additional 23,235 shares in the last quarter. Farmers Trust Co. grew its position in Oracle by 2.2% in the fourth quarter. Farmers Trust Co. now owns 21,183 shares of the enterprise software provider’s stock worth $957,000 after acquiring an additional 455 shares in the last quarter. Finally, Wambolt & Associates LLC purchased a new position in Oracle in the fourth quarter worth $287,000. 47.41% of the stock is currently owned by hedge funds and other institutional investors.
NYSE ORCL opened at $54.58 on Tuesday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $54.65. The stock has a market cap of $222.34 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders 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 yield of 1.76%. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. Oracle’s dividend payout ratio is presently 26.95%.
Several research analysts recently issued reports on ORCL shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research report on Wednesday, March 13th. Standpoint Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $42.69 target price for the company in a research report on Wednesday, December 26th. Barclays lowered shares of Oracle from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $60.00 to $55.00 in a research report on Wednesday, January 9th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 target price on shares of Oracle in a research report on Thursday, February 14th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $60.00 target price on shares of Oracle in a research report on Monday, February 18th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have assigned a buy rating to the company. Oracle currently has an average rating of “Hold” and a consensus target price of $52.53.
In other news, CEO Mark V. Hurd sold 1,200,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,664,227 shares in the company, valued at $89,585,339.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $48.20, for a total transaction of $180,750.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,348,105.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,773,750 shares of company stock valued at $95,371,438. Company 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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