Los Angeles Capital Management & Equity Research Inc. Raises Stake in Oracle Co. (ORCL)

Los Angeles Capital Management & Equity Research Inc. raised its position in Oracle Co. (NYSE:ORCL) by 62.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,005,398 shares of the enterprise software provider’s stock after purchasing an additional 387,433 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Oracle were worth $48,611,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Capital Analysts LLC increased its position in Oracle by 4.0% during the 3rd quarter. Capital Analysts LLC now owns 73,162 shares of the enterprise software provider’s stock worth $3,537,000 after purchasing an additional 2,794 shares in the last quarter. Toronto Dominion Bank increased its position in Oracle by 9.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,293,212 shares of the enterprise software provider’s stock worth $62,536,000 after purchasing an additional 113,389 shares in the last quarter. CI Investments Inc. increased its position in Oracle by 19.7% during the 3rd quarter. CI Investments Inc. now owns 4,934,295 shares of the enterprise software provider’s stock worth $238,573,000 after purchasing an additional 812,898 shares in the last quarter. Tower Bridge Advisors increased its position in Oracle by 6.1% during the 3rd quarter. Tower Bridge Advisors now owns 274,130 shares of the enterprise software provider’s stock worth $13,254,000 after purchasing an additional 15,690 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Oracle by 0.3% during the 3rd quarter. Retirement Systems of Alabama now owns 3,028,556 shares of the enterprise software provider’s stock worth $146,431,000 after purchasing an additional 8,687 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

Shares of Oracle Co. (NYSE ORCL) traded down $2.04 during trading on Monday, hitting $48.09. The stock had a trading volume of 19,542,549 shares, compared to its average volume of 15,070,000. The firm has a market cap of $200,700.00, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. Oracle Co. has a fifty-two week low of $39.95 and a fifty-two week high of $53.14.

Oracle (NYSE:ORCL) last announced 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 business had revenue of $9.63 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.61 EPS. equities research analysts predict that Oracle Co. will post 2.68 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. Oracle’s dividend payout ratio is 32.62%.

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

A number of research firms recently issued reports on ORCL. Oppenheimer reissued a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Vetr raised shares of 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. Instinet assumed coverage on shares of Oracle in a research report on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. Oracle currently has an average rating of “Buy” and an average price target of $55.39.

In related news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was 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 in the company, valued at approximately $6,517,640.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $877,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,956,250 shares of company stock valued at $98,313,363. 29.00% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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