Systematic Financial Management LP Raises Holdings in Oracle Co. (ORCL)

Systematic Financial Management LP raised its stake in Oracle Co. (NYSE:ORCL) by 24.0% in the third quarter, HoldingsChannel.com reports. The fund owned 80,894 shares of the enterprise software provider’s stock after buying an additional 15,641 shares during the quarter. Systematic Financial Management LP’s holdings in Oracle were worth $3,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Acrospire Investment Management LLC boosted its position in shares of Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors boosted its position in shares of Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the period. IHT Wealth Management LLC boosted its position in shares of Oracle by 65.9% during the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after buying an additional 947 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Oracle during the second quarter worth approximately $129,000. Finally, ETF Managers Group LLC acquired a new position in shares of Oracle during the second quarter worth approximately $133,000. Institutional investors own 57.98% of the company’s stock.

Oracle Co. (ORCL) opened at $50.58 on Monday. The stock has a market capitalization of $211,090.00, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.05. Oracle Co. has a twelve month low of $39.43 and a twelve month high of $53.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04.

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, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. equities research analysts forecast that Oracle Co. will post 2.68 EPS for the current fiscal year.

Oracle announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. Oracle’s dividend payout ratio is currently 32.62%.

In other Oracle news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the sale, the insider now directly owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders sold 1,811,250 shares of company stock worth $90,803,063 in the last ninety days. 29.00% of the stock is owned by corporate insiders.

Several brokerages have recently issued reports on ORCL. Oppenheimer reiterated a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Vetr upgraded Oracle from a “buy” rating to a “strong-buy” rating and set a $55.49 price objective for the company in a research report on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. Finally, Drexel Hamilton reiterated a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Oracle currently has an average rating of “Buy” and an average price target of $55.27.

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Oracle 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 (NYSE:ORCL)

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