Azimuth Capital Management LLC Raises Stake in Oracle Co. (ORCL)

Azimuth Capital Management LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,378 shares of the enterprise software provider’s stock after buying an additional 1,432 shares during the period. Azimuth Capital Management LLC’s holdings in Oracle were worth $1,053,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Stillwater Investment Management LLC raised its position in Oracle by 0.9% in the third quarter. Stillwater Investment Management LLC now owns 26,163 shares of the enterprise software provider’s stock valued at $1,028,000 after buying an additional 227 shares in the last quarter. Hefty Wealth Partners raised its position in Oracle by 30,004.9% in the third quarter. Hefty Wealth Partners now owns 37,029 shares of the enterprise software provider’s stock valued at $1,454,000 after buying an additional 36,906 shares in the last quarter. Burke & Herbert Bank & Trust Co. raised its position in Oracle by 20.1% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 11,946 shares of the enterprise software provider’s stock valued at $469,000 after buying an additional 1,998 shares in the last quarter. North Star Asset Management Inc. raised its position in Oracle by 1.8% in the third quarter. North Star Asset Management Inc. now owns 103,588 shares of the enterprise software provider’s stock valued at $4,069,000 after buying an additional 1,871 shares in the last quarter. Finally, Boltwood Capital Management raised its position in Oracle by 2.0% in the third quarter. Boltwood Capital Management now owns 28,116 shares of the enterprise software provider’s stock valued at $1,104,000 after buying an additional 550 shares in the last quarter. 57.95% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Shares of Oracle Co. (NYSE:ORCL) opened at 45.66 on Monday. Oracle Co. has a 1-year low of $37.62 and a 1-year high of $46.99. The stock has a 50 day moving average of $41.91 and a 200 day moving average of $40.00. The stock has a market cap of $187.31 billion, a PE ratio of 21.79 and a beta of 1.14.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The firm earned $9.27 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Oracle Co. will post $2.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be paid a $0.19 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, April 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.66%. Oracle’s dividend payout ratio (DPR) is 28.99%.

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A number of brokerages have recently weighed in on ORCL. Bank of America Corp reissued a “buy” rating and set a $42.58 price objective (down from $48.00) on shares of Oracle in a report on Tuesday, March 14th. Royal Bank of Canada boosted their price objective on shares of Oracle from $43.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, March 13th. Macquarie reissued a “buy” rating and set a $48.00 price objective on shares of Oracle in a report on Tuesday, March 14th. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $52.00 price objective on shares of Oracle in a report on Friday, December 16th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Oracle currently has an average rating of “Buy” and an average price target of $45.73.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $39.09, for a total value of $146,587.50. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at $323,704.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the completion of the sale, the director now owns 52,654 shares of the company’s stock, valued at approximately $2,038,762.88. The disclosure for this sale can be found here. Insiders sold 1,188,000 shares of company stock valued at $54,809,425 in the last quarter. Company insiders own 29.00% of the company’s stock.

About Oracle

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.

5 Day Chart for NYSE:ORCL

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).

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