Heartland Advisors Inc. Has $9.68 Million Position in Oracle Corporation (ORCL)

Heartland Advisors Inc. cut its stake in Oracle Corporation (NYSE:ORCL) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,062 shares of the enterprise software provider’s stock after selling 3,503 shares during the quarter. Heartland Advisors Inc.’s holdings in Oracle Corporation were worth $9,680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Burt Wealth Advisors increased its stake in Oracle Corporation by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Oracle Corporation by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the period. TrimTabs Asset Management LLC increased its stake in Oracle Corporation by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the period. Baystate Wealth Management LLC increased its stake in Oracle Corporation by 9.2% in the second quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Oracle Corporation in the second quarter worth $129,000. Institutional investors own 58.05% of the company’s stock.

Shares of Oracle Corporation (ORCL) opened at $48.94 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. Oracle Corporation has a 12-month low of $37.64 and a 12-month high of $53.14. The company has a market capitalization of $204,250.39, a P/E ratio of 19.19, a P/E/G ratio of 1.86 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts predict that Oracle Corporation will post 2.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Tuesday, October 10th. Oracle Corporation’s payout ratio is 33.19%.

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In other Oracle Corporation news, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total transaction of $1,238,536.80. Following the transaction, the executive vice president now owns 30,977 shares of the company’s stock, valued at $1,488,444.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at approximately $912,593.75. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock valued at $14,821,999 over the last quarter. 29.00% of the stock is owned by company insiders.

Several brokerages have recently commented on ORCL. Vetr upgraded Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price target on the stock in a research note on Monday, November 13th. Zacks Investment Research upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday. UBS AG restated a “neutral” rating and set a $55.00 price target (down previously from $57.00) on shares of Oracle Corporation in a research note on Thursday, November 9th. BidaskClub lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Drexel Hamilton restated a “buy” rating and set a $62.00 price target on shares of Oracle Corporation in a research note on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.95.

Oracle Corporation 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.

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Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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