Homrich & Berg increased its holdings in Oracle Co. (NYSE:ORCL) by 16.8% in the first quarter, Holdings Channel reports. The institutional investor owned 55,669 shares of the enterprise software provider’s stock after buying an additional 8,009 shares during the period. Homrich & Berg’s holdings in Oracle were worth $3,906,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Zimmer Partners LP acquired a new position in Oracle during the first quarter valued at approximately $38,594,000. Capital Impact Advisors LLC acquired a new position in Oracle during the first quarter valued at approximately $5,100,000. Punch & Associates Investment Management Inc. raised its position in Oracle by 2.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 117,954 shares of the enterprise software provider’s stock valued at $8,277,000 after purchasing an additional 2,623 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in Oracle by 30.7% during the first quarter. Deprince Race & Zollo Inc. now owns 364,902 shares of the enterprise software provider’s stock valued at $25,605,000 after purchasing an additional 85,795 shares in the last quarter. Finally, Morgan Stanley raised its position in Oracle by 7.3% during the first quarter. Morgan Stanley now owns 11,134,452 shares of the enterprise software provider’s stock valued at $781,305,000 after purchasing an additional 755,333 shares in the last quarter. Institutional investors own 46.87% of the company’s stock.
ORCL traded up $1.13 during trading on Thursday, reaching $90.82. 342,764 shares of the stock traded hands, compared to its average volume of 12,391,457. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 12.77. The stock has a market capitalization of $253.57 billion, a PE ratio of 19.63, a PEG ratio of 2.49 and a beta of 0.79. The company has a 50-day simple moving average of $81.48. Oracle Co. has a 12 month low of $53.66 and a 12 month high of $90.25.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 29th. Stockholders of record on Thursday, July 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, July 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.41%. Oracle’s dividend payout ratio is currently 30.77%.
In other news, Chairman Lawrence Joseph Ellison sold 1,400,000 shares of the company’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $80.03, for a total transaction of $112,042,000.00. Following the transaction, the chairman now owns 1,140,132,353 shares in the company, valued at $91,244,792,210.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Boskin sold 37,500 shares of the company’s stock in a transaction dated Friday, June 18th. The shares were sold at an average price of $76.66, for a total transaction of $2,874,750.00. Following the transaction, the director now owns 115,662 shares in the company, valued at approximately $8,866,648.92. The disclosure for this sale can be found here. Insiders have sold 6,375,000 shares of company stock worth $500,046,000 in the last quarter. Company insiders own 39.10% of the company’s stock.
ORCL has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on shares of Oracle from $79.00 to $88.00 and gave the company a “market perform” rating in a research report on Wednesday, June 16th. Wedbush assumed coverage on shares of Oracle in a report on Wednesday, March 31st. They set a “neutral” rating and a $54.00 price target for the company. Wolfe Research assumed coverage on shares of Oracle in a report on Wednesday, April 28th. They set a “peer perform” rating and a $75.00 price target for the company. Barclays upped their price target on shares of Oracle from $80.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 16th. Finally, Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $83.00 price target for the company. in a report on Thursday, May 6th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.31.
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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