Sonora Investment Management LLC Increases Stock Position in Oracle Co. (NYSE:ORCL)


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Sonora Investment Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 72,353 shares of the enterprise software provider’s stock after acquiring an additional 6,100 shares during the quarter. Sonora Investment Management LLC’s holdings in Oracle were worth $4,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baron Financial Group LLC purchased a new position in Oracle during the third quarter valued at $30,000. Kathmere Capital Management LLC purchased a new position in Oracle during the third quarter valued at $31,000. Price Wealth LLC raised its position in shares of Oracle by 153.0% in the third quarter. Price Wealth LLC now owns 587 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 355 shares during the last quarter. Atticus Wealth Management LLC raised its position in shares of Oracle by 74.5% in the third quarter. Atticus Wealth Management LLC now owns 698 shares of the enterprise software provider’s stock valued at $42,000 after buying an additional 298 shares during the last quarter. Finally, Rockbridge Investment Management LCC acquired a new stake in shares of Oracle in the second quarter valued at about $44,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Naomi O. Seligman sold 25,000 shares of Oracle stock in a transaction that occurred on Monday, December 14th. The shares were sold at an average price of $60.91, for a total value of $1,522,750.00. Following the completion of the transaction, the director now owns 70,215 shares in the company, valued at $4,276,795.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on 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 transaction, the executive vice president now owns 100,000 shares of the company’s stock, valued at approximately $6,163,000. The disclosure for this sale can be found here. In the last three months, insiders sold 325,000 shares of company stock valued at $20,685,750. Insiders own 39.10% of the company’s stock.

Shares of NYSE ORCL traded down $0.36 during midday trading on Wednesday, hitting $62.06. The company’s stock had a trading volume of 7,991,255 shares, compared to its average volume of 8,552,234. The business’s fifty day simple moving average is $62.10 and its two-hundred day simple moving average is $58.43. The company has a debt-to-equity ratio of 6.68, a current ratio of 2.66 and a quick ratio of 2.66. Oracle Co. has a 1 year low of $39.71 and a 1 year high of $66.20. The firm has a market capitalization 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 (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, December 9th. The enterprise software provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06. Oracle had a net margin of 26.13% and a return on equity of 85.71%. The business had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 3.77 EPS for the current fiscal year.

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

A number of equities research analysts have recently commented on ORCL shares. Monness Crespi & Hardt upgraded shares of Oracle from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Friday, December 18th. UBS Group started coverage on shares of Oracle in a research report on Wednesday, October 14th. They issued a “neutral” rating and a $62.00 target price for the company. ValuEngine cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 1st. Morgan Stanley raised their price objective on shares of Oracle from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, December 11th. Finally, BidaskClub cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Thursday, January 7th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.34.

Oracle Profile

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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