Vontobel Asset Management Inc. Takes Position in Oracle Co. (ORCL)

Vontobel Asset Management Inc. acquired a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 443,281 shares of the enterprise software provider’s stock, valued at approximately $20,960,000.

Other hedge funds also recently made changes to their positions in the company. Keel Point LLC raised its holdings in shares of Oracle by 0.3% during the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after acquiring an additional 14 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Oracle by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 35 shares during the period. Hudock Capital Group LLC grew its stake in Oracle by 1.6% in the second quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock worth $203,000 after purchasing an additional 65 shares during the period. Highland Private Wealth Management grew its stake in Oracle by 0.7% in the second quarter. Highland Private Wealth Management now owns 9,660 shares of the enterprise software provider’s stock worth $485,000 after purchasing an additional 70 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in Oracle by 0.4% in the second quarter. Calamos Wealth Management LLC now owns 19,893 shares of the enterprise software provider’s stock worth $997,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 58.36% of the company’s stock.

Shares of Oracle Co. (ORCL) opened at $49.89 on Wednesday. Oracle Co. has a 12-month low of $41.93 and a 12-month high of $53.14. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $206,520.00, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.93 and a beta of 1.08.

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

Oracle declared that its board has approved a stock repurchase program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced 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 1.52%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s dividend payout ratio is 32.62%.

In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total value of $5,200,000.00. Following the transaction, the executive vice president now owns 37,576 shares of the company’s stock, valued at $1,953,952. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the transaction, the insider now directly owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. In the last three months, insiders sold 1,956,250 shares of company stock worth $98,316,475. 29.00% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on the company. Instinet assumed coverage on Oracle in a research note on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price target on the stock. ValuEngine raised Oracle from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr raised Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target on the stock in a research note on Thursday, November 2nd. Nomura assumed coverage on Oracle in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 price target on the stock. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $62.00 price target on shares of Oracle in a research note on Sunday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $55.38.

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About Oracle

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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