C J Advisory Inc acquired a new position in Oracle Co. (NYSE:ORCL) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 555 shares of the enterprise software provider’s stock, valued at approximately $31,000.

Other institutional investors have also recently bought and sold shares of the company. Longview Partners Guernsey LTD grew its stake in Oracle by 16.9% in the 2nd quarter. Longview Partners Guernsey LTD now owns 22,243,759 shares of the enterprise software provider’s stock worth $1,267,227,000 after acquiring an additional 3,220,296 shares in the last quarter. Clearbridge Investments LLC grew its stake in Oracle by 1.7% in the 1st quarter. Clearbridge Investments LLC now owns 20,778,045 shares of the enterprise software provider’s stock worth $1,115,989,000 after acquiring an additional 345,982 shares in the last quarter. Fisher Asset Management LLC grew its stake in Oracle by 3.8% in the 2nd quarter. Fisher Asset Management LLC now owns 15,567,402 shares of the enterprise software provider’s stock worth $886,875,000 after acquiring an additional 562,921 shares in the last quarter. Polen Capital Management LLC grew its stake in Oracle by 3.1% in the 2nd quarter. Polen Capital Management LLC now owns 14,444,171 shares of the enterprise software provider’s stock worth $822,884,000 after acquiring an additional 430,254 shares in the last quarter. Finally, Boston Partners grew its stake in Oracle by 5.0% in the 1st quarter. Boston Partners now owns 13,088,162 shares of the enterprise software provider’s stock worth $702,965,000 after acquiring an additional 626,663 shares in the last quarter. 53.74% of the stock is currently owned by institutional investors.

In related news, Director Renee Jo James sold 3,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $53.56, for a total transaction of $160,680.00. Following the completion of the sale, the director now owns 32,886 shares of the company’s stock, valued at $1,761,374.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dorian Daley sold 50,000 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.01, for a total transaction of $2,750,500.00. Following the sale, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at approximately $2,750,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 935,143 shares of company stock worth $49,307,209. Insiders own 36.60% of the company’s stock.

Shares of NYSE ORCL traded up $0.48 during midday trading on Wednesday, reaching $54.53. 763,825 shares of the company’s stock traded hands, compared to its average volume of 13,930,569. 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 stock’s 50 day simple moving average is $53.39 and its 200-day simple moving average is $54.61. Oracle Co. has a one year low of $42.40 and a one year high of $60.50. The company has a market cap of $181.00 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.62 and a beta of 1.16.

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

Oracle announced that its board has approved a share buyback plan on Wednesday, September 11th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire up to 8.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. Oracle’s dividend payout ratio is presently 30.38%.

ORCL has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. BMO Capital Markets upped their target price on shares of Oracle from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Friday, September 27th. They noted that the move was a valuation call. Cowen initiated coverage on shares of Oracle in a research note on Friday, August 16th. They issued a “buy” rating and a $65.00 target price on the stock. Argus restated a “buy” rating on shares of Oracle in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. set a $56.00 target price on shares of Oracle and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $56.32.

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.

See Also: Growth and Income Funds

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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