Caxton Associates LP lifted its position in shares of Oracle Co. (NYSE:ORCL) by 74.2% 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 272,940 shares of the enterprise software provider’s stock after purchasing an additional 116,240 shares during the period. Caxton Associates LP’s holdings in Oracle were worth $13,197,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Vanguard Group Inc. increased its stake in shares of Oracle by 2.6% in 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 buying an additional 5,270,359 shares during the last quarter. BlackRock Inc. increased its stake in shares of Oracle by 2.5% in the second quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock worth $9,716,707,000 after buying an additional 4,678,977 shares during the last quarter. Harris Associates L P increased its stake in shares of Oracle by 17.9% in 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 buying an additional 7,427,501 shares during the last quarter. Northern Trust Corp increased its stake in shares of Oracle by 4.6% in the second quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock worth $2,110,799,000 after buying an additional 1,835,835 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Oracle 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 worth $2,091,710,000 after buying an additional 482,220 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 1,522,983 shares of the company’s stock, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders sold a total of 1,956,250 shares of company stock valued at $98,313,363 over the last three months. 29.00% of the stock is owned by corporate insiders.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. analysts forecast that Oracle Co. will post 2.68 EPS for the current fiscal year.
Oracle announced that its Board of Directors has authorized a share buyback plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, January 9th. Oracle’s payout ratio is 32.62%.
A number of analysts recently issued reports on ORCL shares. Canaccord Genuity dropped their price target on shares of Oracle from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, December 15th. Wedbush restated a “buy” rating and issued a $58.00 price target on shares of Oracle in a research note on Friday, December 15th. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target for the company. in a research note on Wednesday, January 17th. JPMorgan Chase & Co. set a $55.00 price target on shares of Oracle and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, BidaskClub upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. Oracle presently has a consensus rating of “Buy” and a consensus price target of $55.39.
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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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