Oracle Corporation (ORCL) Stake Lowered by Westpac Banking Corp

Westpac Banking Corp lowered its holdings in Oracle Corporation (NYSE:ORCL) by 94.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 563,121 shares of the enterprise software provider’s stock after selling 9,161,301 shares during the period. Oracle Corporation accounts for 0.6% of Westpac Banking Corp’s investment portfolio, making the stock its 25th biggest position. Westpac Banking Corp’s holdings in Oracle Corporation were worth $28,235,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. State Street Corp grew its position in shares of Oracle Corporation by 1.0% in the first quarter. State Street Corp now owns 123,195,917 shares of the enterprise software provider’s stock valued at $5,495,769,000 after purchasing an additional 1,187,802 shares during the period. Bank of New York Mellon Corp grew its position in shares of Oracle Corporation by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock valued at $2,397,824,000 after purchasing an additional 1,521,879 shares during the period. First Eagle Investment Management LLC grew its position in shares of Oracle Corporation by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after purchasing an additional 482,220 shares during the period. Harris Associates L P grew its position in shares of Oracle Corporation by 0.4% in the first quarter. Harris Associates L P now owns 41,561,715 shares of the enterprise software provider’s stock valued at $1,854,068,000 after purchasing an additional 156,122 shares during the period. Finally, Boston Partners grew its position in shares of Oracle Corporation by 5.4% in the second quarter. Boston Partners now owns 19,225,637 shares of the enterprise software provider’s stock valued at $963,974,000 after purchasing an additional 991,458 shares during the period. 58.09% of the stock is owned by institutional investors and hedge funds.

Shares of Oracle Corporation (NYSE ORCL) opened at $49.02 on Tuesday. Oracle Corporation has a 52-week low of $37.64 and a 52-week high of $53.14. The company has a market capitalization of $204,580.00, a price-to-earnings ratio of 19.19, a PEG ratio of 1.86 and a beta of 1.07. 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 (NYSE:ORCL) last announced its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. sell-side analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

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

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A number of research firms have issued reports on ORCL. Jefferies Group LLC boosted their price target on Oracle Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Credit Suisse Group began coverage on Oracle Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price target for the company. Vetr raised Oracle Corporation from a “buy” rating to a “strong-buy” rating and set a $55.49 price target for the company in a research report on Monday, November 13th. Zacks Investment Research downgraded Oracle Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, BidaskClub raised Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Eleven investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.85.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the 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 completion of the sale, the director now owns 18,125 shares in the company, valued at $912,593.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 76,703 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 305,776 shares of company stock valued at $14,821,999 in the last quarter. Insiders own 29.00% of the company’s stock.

Oracle Corporation 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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