Court Place Advisors LLC trimmed its position in Oracle Corporation (NYSE:ORCL) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,162 shares of the enterprise software provider’s stock after selling 1,317 shares during the quarter. Oracle makes up approximately 2.0% of Court Place Advisors LLC’s portfolio, making the stock its 12th biggest holding. Court Place Advisors LLC’s holdings in Oracle were worth $4,504,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ORCL. BT Investment Management Ltd purchased a new position in shares of Oracle during the second quarter worth approximately $459,738,000. Harris Associates L P raised its stake in shares of Oracle by 17.9% during the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after acquiring an additional 7,427,501 shares in the last quarter. FMR LLC raised its stake in shares of Oracle by 24.8% during the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after acquiring an additional 6,577,297 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Oracle by 2.6% during the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after acquiring an additional 5,270,359 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Oracle by 24.4% in the third quarter. Boston Partners now owns 23,924,971 shares of the enterprise software provider’s stock worth $1,156,772,000 after purchasing an additional 4,699,334 shares during the last quarter. 57.89% of the stock is currently owned by hedge funds and other institutional investors.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $885,043.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,250 shares of company stock valued at $5,306,238. 29.00% of the stock is owned by insiders.
Oracle Corporation (ORCL) opened at $49.51 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. The stock has a market capitalization of $206,630.00, a PE ratio of 21.25, a PEG ratio of 1.87 and a beta of 1.05. Oracle Corporation has a 52-week low of $38.88 and a 52-week high of $53.14.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. Oracle’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. research analysts expect that Oracle Corporation will post 2.68 earnings per share for the current year.
Oracle declared that its Board of Directors has authorized a share buyback program on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Tuesday, January 9th. Oracle’s dividend payout ratio is presently 32.62%.
ORCL has been the topic of several recent analyst reports. UBS Group set a $55.00 target price on shares of Oracle and gave the stock a “neutral” rating in a report on Friday, December 15th. Vetr upgraded shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price on the stock in a report on Thursday, November 2nd. BidaskClub upgraded shares of Oracle from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Oppenheimer restated a “hold” rating on shares of Oracle in a report on Friday, December 15th. Finally, Goldman Sachs Group set a $56.00 target price on shares of Oracle and gave the stock a “buy” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and a consensus price target of $55.28.
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.
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