Cornerstone Investment Partners LLC Raises Holdings in Oracle Co. (ORCL)

Cornerstone Investment Partners LLC grew its position in Oracle Co. (NYSE:ORCL) by 0.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,970,148 shares of the enterprise software provider’s stock after acquiring an additional 2,525 shares during the period. Oracle comprises approximately 4.2% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Cornerstone Investment Partners LLC’s holdings in Oracle were worth $95,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC raised its position in shares of Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors grew its stake in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Oracle during the 2nd quarter valued at about $129,000. ETF Managers Group LLC purchased a new stake in Oracle during the 2nd quarter valued at about $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in Oracle by 17.4% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock valued at $135,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 57.77% of the company’s stock.

In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the sale, the executive vice president now directly owns 37,576 shares in the company, valued at approximately $1,953,952. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the completion of the sale, the director now owns 62,498 shares in the company, valued at $3,208,647.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,952,500 shares of company stock worth $98,130,250. 29.00% of the stock is owned by company insiders.

Several analysts recently issued reports on ORCL shares. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. UBS Group reaffirmed a “neutral” rating and set a $55.00 price objective (down previously from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Vetr cut shares of Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective for the company. in a research note on Monday, November 20th. BidaskClub raised shares of Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Finally, Royal Bank of Canada set a $53.00 price objective on shares of Oracle and gave the company a “buy” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $55.39.

Oracle Co. (NYSE ORCL) traded up $0.96 during trading on Wednesday, reaching $49.45. 14,262,954 shares of the company’s stock were exchanged, compared to its average volume of 17,070,000. The firm has a market cap of $204,700.00, a price-to-earnings ratio of 21.22, a PEG ratio of 1.84 and a beta of 1.08. Oracle Co. has a 12 month low of $40.75 and a 12 month high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last released its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. analysts predict that Oracle Co. will post 2.68 EPS for the current year.

Oracle announced that its Board of Directors has authorized a share buyback plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle’s dividend payout ratio (DPR) is presently 32.62%.

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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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