Bbva Compass Bancshares Inc. Boosts Stake in Oracle Co. (ORCL)

Bbva Compass Bancshares Inc. grew its position in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 289,576 shares of the enterprise software provider’s stock after acquiring an additional 8,215 shares during the quarter. Oracle comprises approximately 0.9% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 23rd largest holding. Bbva Compass Bancshares Inc.’s holdings in Oracle were worth $14,931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in Oracle by 21.4% in the second 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 during the last quarter. Magellan Asset Management Ltd increased its stake in Oracle by 0.3% in the second quarter. Magellan Asset Management Ltd now owns 27,663,584 shares of the enterprise software provider’s stock worth $1,218,858,000 after purchasing an additional 85,349 shares during the period. Vulcan Value Partners LLC increased its stake in Oracle by 3.8% in the second quarter. Vulcan Value Partners LLC now owns 25,019,520 shares of the enterprise software provider’s stock worth $1,102,360,000 after purchasing an additional 922,785 shares during the period. Artisan Partners Limited Partnership increased its stake in Oracle by 3.9% in the second quarter. Artisan Partners Limited Partnership now owns 15,661,304 shares of the enterprise software provider’s stock worth $690,037,000 after purchasing an additional 584,748 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Oracle by 4.4% in the second quarter. Macquarie Group Ltd. now owns 15,551,321 shares of the enterprise software provider’s stock worth $685,187,000 after purchasing an additional 661,718 shares during the period. Hedge funds and other institutional investors own 53.38% of the company’s stock.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the sale, the director now owns 27,969 shares of the company’s stock, valued at $1,382,227.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dorian Daley sold 131,696 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the sale, the executive vice president now directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,946 shares of company stock worth $7,248,965. 32.00% of the stock is owned by corporate insiders.

A number of research firms have weighed in on ORCL. Rosenblatt Securities reiterated a “hold” rating and issued a $51.00 target price on shares of Oracle in a research note on Tuesday, October 30th. Nomura reduced their target price on Oracle from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. KeyCorp reiterated a “hold” rating on shares of Oracle in a research note on Friday, October 26th. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 target price on shares of Oracle in a research note on Wednesday, October 24th. Finally, Needham & Company LLC began coverage on Oracle in a research note on Monday, October 22nd. They issued a “hold” rating on the stock. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.71.

Shares of Oracle stock opened at $50.61 on Friday. The firm has a market cap of $203.88 billion, a PE ratio of 17.95, a PEG ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. Oracle Co. has a 12 month low of $42.57 and a 12 month high of $53.48.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. Sell-side analysts predict that Oracle Co. will post 3.06 earnings per share for the current year.

Oracle announced that its Board of Directors has authorized a share repurchase plan on Monday, September 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to buy up to 5.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Monday, October 15th. Oracle’s payout ratio is currently 26.95%.

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Oracle Profile

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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