First Trust Advisors LP Increases Stock Position in Oracle Co. (NYSE:ORCL)

First Trust Advisors LP grew its stake in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,981,731 shares of the enterprise software provider’s stock after acquiring an additional 187,204 shares during the quarter. First Trust Advisors LP owned about 0.12% of Oracle worth $219,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Neville Rodie & Shaw Inc. lifted its stake in shares of Oracle by 1.2% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 176,654 shares of the enterprise software provider’s stock worth $10,064,000 after purchasing an additional 2,169 shares during the period. Thomasville National Bank raised its position in shares of Oracle by 1.5% during the second quarter. Thomasville National Bank now owns 20,351 shares of the enterprise software provider’s stock valued at $1,160,000 after buying an additional 300 shares during the last quarter. Private Trust Co. NA raised its position in shares of Oracle by 2.0% during the second quarter. Private Trust Co. NA now owns 22,626 shares of the enterprise software provider’s stock valued at $1,289,000 after buying an additional 435 shares during the last quarter. Baystate Wealth Management LLC raised its position in shares of Oracle by 56.8% during the second quarter. Baystate Wealth Management LLC now owns 4,987 shares of the enterprise software provider’s stock valued at $289,000 after buying an additional 1,806 shares during the last quarter. Finally, Rockland Trust Co. raised its position in shares of Oracle by 2.6% during the second quarter. Rockland Trust Co. now owns 8,262 shares of the enterprise software provider’s stock valued at $471,000 after buying an additional 209 shares during the last quarter. 53.90% of the stock is currently owned by hedge funds and other institutional investors.

In other Oracle news, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total value of $40,792,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,038,755 shares in the company, valued at $53,807,509. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 4,643 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $56.59, for a total transaction of $262,747.37. Following the completion of the transaction, the director now owns 38,562 shares of the company’s stock, valued at $2,182,223.58. The disclosure for this sale can be found here. Insiders sold 849,786 shares of company stock valued at $44,213,156 over the last quarter. 36.60% of the stock is currently owned by corporate insiders.

Several research firms have recently issued reports on ORCL. BMO Capital Markets lifted their price objective on shares of Oracle from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Friday, September 27th. They noted that the move was a valuation call. William Blair reissued a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Jefferies Financial Group lowered shares of Oracle from a “buy” rating to a “hold” rating and cut their target price for the company from $66.00 to $60.00 in a report on Monday, October 7th. Barclays reissued a “neutral” rating and issued a $61.00 target price on shares of Oracle in a report on Friday, November 1st. Finally, ValuEngine lowered shares of Oracle from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $56.80.

Shares of ORCL stock traded up $0.51 on Friday, hitting $56.49. The stock had a trading volume of 5,869,369 shares, compared to its average volume of 9,699,096. The company has a market cap of $182.74 billion, a PE ratio of 17.88, a P/E/G ratio of 1.65 and a beta of 1.16. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. The business has a 50 day moving average price of $54.73 and a 200 day moving average price of $54.80. Oracle Co. has a one year low of $42.40 and a one year high of $60.50.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. The business had revenue of $9.22 billion during the quarter, compared to the consensus estimate of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Equities research analysts expect that Oracle Co. will post 3.47 EPS for the current year.

Oracle announced that its Board of Directors has authorized a share buyback program on Wednesday, September 11th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to reacquire up to 8.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.24 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.70%. Oracle’s dividend payout ratio is presently 30.38%.

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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