Oracle Co. (ORCL) Shares Bought by Coastline Trust Co
Coastline Trust Co lifted its position in Oracle Co. (NYSE:ORCL) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 83,374 shares of the enterprise software provider’s stock after acquiring an additional 1,220 shares during the period. Coastline Trust Co’s holdings in Oracle were worth $3,942,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Acrospire Investment Management LLC lifted its position 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 acquiring an additional 1,800 shares during the period. Burt Wealth Advisors lifted its position 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 acquiring an additional 88 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Oracle by 81,200.0% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares during the period. 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 position 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 acquiring an additional 675 shares during the period. 58.36% of the stock is owned by hedge funds and other institutional investors.
Oracle Co. (NYSE:ORCL) opened at $49.59 on Friday. Oracle Co. has a one year low of $42.25 and a one year high of $53.14. The firm has a market capitalization of $205,280.00, a P/E ratio of 21.28, a P/E/G ratio of 1.88 and a beta of 1.08. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03.
The business also recently declared 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 1.53%. The ex-dividend date was Tuesday, January 9th. Oracle’s payout ratio is 32.62%.
Oracle declared that its board has authorized a stock repurchase program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
ORCL has been the subject of a number of recent research reports. UBS Group set a $55.00 price objective on Oracle and gave the stock a “neutral” rating in a research report on Friday, December 15th. Vetr raised Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price objective for the company in a research report on Thursday, November 2nd. BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Finally, Royal Bank of Canada increased their price objective on Oracle to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.38.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total transaction of $186,225.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $2,310,300.00. Following the transaction, the director now directly 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 have sold 1,956,250 shares of company stock valued at $98,316,475 in the last three months. 29.00% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.