RNC Capital Management LLC Raises Stake in Oracle Co. (NYSE:ORCL)


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RNC Capital Management LLC raised its position in shares of Oracle Co. (NYSE:ORCL) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 94,774 shares of the enterprise software provider’s stock after purchasing an additional 3,958 shares during the period. RNC Capital Management LLC’s holdings in Oracle were worth $6,131,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can lifted its holdings in shares of Oracle by 260.6% in the third quarter. Great West Life Assurance Co. Can now owns 14,881,862 shares of the enterprise software provider’s stock worth $249,752,000 after buying an additional 10,755,354 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Oracle by 31.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,636,837 shares of the enterprise software provider’s stock worth $635,019,000 after buying an additional 2,567,600 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Oracle by 49.1% in the third quarter. DNB Asset Management AS now owns 7,508,528 shares of the enterprise software provider’s stock worth $448,259,000 after buying an additional 2,473,703 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Oracle by 3,764.5% in the third quarter. SG Americas Securities LLC now owns 2,207,042 shares of the enterprise software provider’s stock worth $131,760,000 after buying an additional 2,149,932 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Oracle by 18.1% in the third quarter. Morgan Stanley now owns 9,742,075 shares of the enterprise software provider’s stock worth $581,603,000 after buying an additional 1,496,153 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

In related news, CAO W Corey West sold 200,000 shares of the company’s stock in a transaction dated Friday, December 18th. The shares were sold at an average price of $65.00, for a total value of $13,000,000.00. Following the completion of the sale, the chief accounting officer now directly owns 309,647 shares of the company’s stock, valued at $20,127,055. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $61.63, for a total transaction of $6,163,000.00. Following the completion of the sale, the executive vice president now directly owns 100,000 shares of the company’s stock, valued at $6,163,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 325,000 shares of company stock worth $20,685,750. Company insiders own 39.10% of the company’s stock.

Several equities analysts have recently commented on ORCL shares. Oppenheimer reissued a “hold” rating on shares of Oracle in a report on Friday, December 11th. The Goldman Sachs Group restated a “buy” rating and issued a $72.00 price target on shares of Oracle in a research report on Friday, December 11th. Barclays boosted their price target on shares of Oracle from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, December 11th. JPMorgan Chase & Co. restated a “buy” rating and issued a $68.00 price target on shares of Oracle in a research report on Friday, December 11th. Finally, UBS Group began coverage on shares of Oracle in a research report on Wednesday, October 14th. They issued a “neutral” rating and a $62.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company’s stock. Oracle currently has a consensus rating of “Hold” and a consensus target price of $64.34.

Shares of NYSE ORCL traded down $0.36 during mid-day trading on Wednesday, reaching $62.06. The company had a trading volume of 7,991,255 shares, compared to its average volume of 8,552,234. The business’s 50-day moving average is $62.10 and its 200-day moving average is $58.43. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 6.68. The stock has a market cap of $182.71 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Oracle Co. has a 52 week low of $39.71 and a 52 week high of $66.20.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, December 9th. The enterprise software provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.06. The firm had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.78 billion. Oracle had a net margin of 26.13% and a return on equity of 85.71%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 3.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 21st. Stockholders of record on Thursday, January 7th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, January 6th. Oracle’s payout ratio is presently 27.75%.

About Oracle

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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