Short Interest in Oracle Co. (ORCL) Rises By 11.6%

Oracle Co. (NYSE:ORCL) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 43,581,233 shares, an increase of 11.6% from the October 31st total of 39,046,013 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 15,554,392 shares, the short-interest ratio is currently 2.8 days.

ORCL opened at $48.76 on Monday. The firm has a market capitalization of $201.85 billion, a P/E ratio of 17.29, a PEG ratio of 1.64 and a beta of 1.12. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle has a 52 week low of $42.57 and a 52 week high of $53.48.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. As a group, sell-side analysts anticipate that Oracle will post 3.06 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share buyback 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 repurchase up to 5.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $50.01, for a total value of $187,537.50. Following the sale, the director now owns 27,969 shares in the company, valued at $1,398,729.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 131,696 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the sale, the executive vice president now 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 90 days, insiders have sold 142,946 shares of company stock worth $7,257,365. Company insiders own 32.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of 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 purchasing an additional 8,401,411 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Oracle by 1.6% in the third quarter. Loomis Sayles & Co. L P now owns 39,519,223 shares of the enterprise software provider’s stock worth $2,037,611,000 after purchasing an additional 625,051 shares during the last quarter. Magellan Asset Management Ltd grew its stake in shares of Oracle by 11.3% in the third quarter. Magellan Asset Management Ltd now owns 30,787,975 shares of the enterprise software provider’s stock worth $1,587,428,000 after purchasing an additional 3,124,391 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Oracle by 13.1% in the third quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock worth $1,512,636,000 after purchasing an additional 3,393,152 shares during the last quarter. Finally, Vulcan Value Partners LLC grew its stake in shares of 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 last quarter. 50.95% of the stock is currently owned by hedge funds and other institutional investors.

ORCL has been the topic of a number of recent analyst reports. Barclays increased their price objective on Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Nomura set a $58.00 price objective on Oracle and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Bank of America increased their price objective on Oracle from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 18th. Rosenblatt Securities reiterated a “hold” rating and issued a $51.00 price objective on shares of Oracle in a research report on Tuesday, October 30th. Finally, Wells Fargo & Co lowered their price objective on Oracle from $62.50 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and fifteen have assigned a buy rating to the company. Oracle currently has a consensus rating of “Hold” and a consensus price target of $53.71.

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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.

Further Reading: Stock Symbol

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