Vulcan Value Partners LLC Has $1.10 Billion Stake in Oracle Co. (ORCL)

Vulcan Value Partners LLC grew its stake in Oracle Co. (NYSE:ORCL) by 3.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 25,019,520 shares of the enterprise software provider’s stock after acquiring an additional 922,785 shares during the quarter. Oracle makes up approximately 8.5% of Vulcan Value Partners LLC’s holdings, making the stock its biggest holding. Vulcan Value Partners LLC’s holdings in Oracle were worth $1,102,360,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ORCL. FMR LLC lifted its holdings in Oracle by 21.4% during the 2nd quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock worth $2,100,949,000 after buying an additional 8,401,411 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Oracle by 0.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 35,859,954 shares of the enterprise software provider’s stock worth $1,640,593,000 after buying an additional 118,005 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in Oracle by 0.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 27,663,584 shares of the enterprise software provider’s stock worth $1,218,858,000 after buying an additional 85,349 shares in the last quarter. Polen Capital Management LLC lifted its holdings in Oracle by 3.9% during the 1st quarter. Polen Capital Management LLC now owns 16,280,492 shares of the enterprise software provider’s stock worth $744,833,000 after buying an additional 611,715 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in Oracle by 3.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 15,661,304 shares of the enterprise software provider’s stock worth $690,037,000 after buying an additional 584,748 shares in the last quarter. Institutional investors own 53.65% of the company’s stock.

ORCL stock opened at $49.66 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.96 and a current ratio of 3.96. The firm has a market capitalization of $204.25 billion, a PE ratio of 17.61, a P/E/G ratio of 1.66 and a beta of 1.16. Oracle Co. has a twelve month low of $42.57 and a twelve month high of $53.48.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.05. The company had revenue of $11.26 billion for the quarter, compared to the consensus estimate of $11.17 billion. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. analysts expect that Oracle Co. will post 3.05 earnings per share for the current fiscal year.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $47.77, for a total value of $179,137.50. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at approximately $1,336,079.13. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $44.62, for a total transaction of $17,848,000.00. Following the completion of the sale, the insider now owns 400,000 shares of the company’s stock, valued at approximately $17,848,000. The disclosure for this sale can be found here. In the last three months, insiders sold 546,750 shares of company stock worth $24,546,728. 29.00% of the stock is currently owned by company insiders.

Several research firms have issued reports on ORCL. KeyCorp reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, September 12th. Zacks Investment Research raised Oracle from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. UBS Group upped their price objective on Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. downgraded Oracle from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $53.00 in a report on Thursday, June 14th. Finally, Societe Generale set a $50.00 price objective on Oracle and gave the stock a “neutral” rating in a report on Tuesday, August 14th. Fifteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $54.86.

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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