Oracle Corporation (ORCL) Position Reduced by Brandes Investment Partners LP

Brandes Investment Partners LP reduced its position in shares of Oracle Corporation (NYSE:ORCL) by 5.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 341,374 shares of the enterprise software provider’s stock after selling 21,482 shares during the quarter. Brandes Investment Partners LP’s holdings in Oracle Corporation were worth $17,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Macquarie Group Ltd. increased its position in Oracle Corporation by 6,353.4% during the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares during the period. Canada Pension Plan Investment Board increased its position in Oracle Corporation by 376.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock valued at $203,218,000 after purchasing an additional 3,202,664 shares during the period. Swiss National Bank increased its position in Oracle Corporation by 26.2% during the 1st quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock valued at $496,863,000 after purchasing an additional 2,309,400 shares during the period. Neuberger Berman Group LLC increased its position in Oracle Corporation by 19.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 12,342,418 shares of the enterprise software provider’s stock valued at $618,849,000 after purchasing an additional 2,042,742 shares during the period. Finally, Marathon Asset Management LLP increased its position in Oracle Corporation by 70.7% during the 2nd quarter. Marathon Asset Management LLP now owns 4,398,780 shares of the enterprise software provider’s stock valued at $220,555,000 after purchasing an additional 1,821,601 shares during the period. Institutional investors own 58.09% of the company’s stock.

Shares of Oracle Corporation (ORCL) opened at $49.02 on Tuesday. The company has a current ratio of 3.63, a quick ratio of 3.61 and a debt-to-equity ratio of 0.86. Oracle Corporation has a fifty-two week low of $37.64 and a fifty-two week high of $53.14. The stock has a market cap of $204,580.00, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 20.55%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the firm posted $0.55 EPS. The company’s revenue was up 7.0% on a year-over-year basis. equities research analysts anticipate that Oracle Corporation will post 2.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is currently 33.19%.

A number of research analysts have issued reports on ORCL shares. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research report on Monday, September 11th. Vetr downgraded shares of Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective on the stock. in a research report on Tuesday, September 12th. Canaccord Genuity started coverage on shares of Oracle Corporation in a research report on Friday, October 6th. They set a “buy” rating and a $57.00 price objective on the stock. BTIG Research reissued a “buy” rating and set a $58.00 price objective on shares of Oracle Corporation in a research report on Tuesday, September 19th. Finally, Moffett Nathanson started coverage on shares of Oracle Corporation in a research report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.85.

In related news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $50.35, for a total transaction of $188,812.50. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,776 shares of company stock valued at $14,821,999. Insiders own 29.00% of the company’s stock.

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About Oracle Corporation

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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