Townsquare Capital LLC Takes Position in Oracle Co. (ORCL)

Townsquare Capital LLC bought a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The fund bought 89,962 shares of the enterprise software provider’s stock, valued at approximately $4,610,000.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp lifted its position in shares of Oracle by 0.6% in the 4th quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock worth $1,821,360,000 after purchasing an additional 238,058 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Oracle by 1.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 39,519,223 shares of the enterprise software provider’s stock worth $2,037,611,000 after purchasing an additional 625,051 shares during the period. Magellan Asset Management Ltd lifted its position in shares of Oracle by 11.3% in the 3rd quarter. Magellan Asset Management Ltd now owns 30,787,975 shares of the enterprise software provider’s stock worth $1,587,428,000 after purchasing an additional 3,124,391 shares during the period. Franklin Resources Inc. lifted its position in shares of Oracle by 13.1% in the 3rd quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock worth $1,512,636,000 after purchasing an additional 3,393,152 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Oracle by 5.1% in the 3rd quarter. Clearbridge Investments LLC now owns 21,161,401 shares of the enterprise software provider’s stock worth $1,091,082,000 after purchasing an additional 1,022,017 shares during the period. Hedge funds and other institutional investors own 47.41% of the company’s stock.

ORCL has been the subject of several research reports. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Mitsubishi UFJ Financial Group upped their price target on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Morgan Stanley cut shares of Oracle from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $57.00 to $53.00 in a research report on Tuesday, January 15th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Oracle in a research report on Thursday, February 14th. Finally, Standpoint Research cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.53.

In other Oracle news, Director Jeffrey Berg sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $53.10, for a total transaction of $1,991,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $48.20, for a total transaction of $180,750.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at approximately $1,348,105.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,773,750 shares of company stock worth $95,371,438 in the last 90 days. 32.00% of the stock is currently owned by company insiders.

Shares of Oracle stock opened at $54.58 on Tuesday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle Co. has a 12-month low of $42.40 and a 12-month high of $54.65. The company has a market cap of $222.34 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.78 and a beta of 1.08.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the business posted $0.83 EPS. Oracle’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 3.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.24 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.76%. Oracle’s dividend payout ratio is presently 26.95%.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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