LSV Asset Management Boosts Stake in Oracle Corporation (ORCL)
LSV Asset Management lifted its holdings in Oracle Corporation (NYSE:ORCL) by 40.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,272,700 shares of the enterprise software provider’s stock after buying an additional 364,800 shares during the period. LSV Asset Management’s holdings in Oracle were worth $63,813,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Macquarie Group Ltd. raised its stake in shares of Oracle by 6,353.4% in the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after acquiring an additional 18,351,920 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Oracle by 376.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,053,015 shares of the enterprise software provider’s stock valued at $203,218,000 after acquiring an additional 3,202,664 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Oracle by 19.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,342,418 shares of the enterprise software provider’s stock valued at $618,849,000 after acquiring an additional 2,042,742 shares during the period. Principal Financial Group Inc. raised its stake in shares of Oracle by 33.7% in the 2nd quarter. Principal Financial Group Inc. now owns 5,897,846 shares of the enterprise software provider’s stock valued at $295,718,000 after acquiring an additional 1,485,142 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Oracle in the 1st quarter valued at approximately $66,017,000. 58.09% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Corporation (NYSE:ORCL) traded up $0.43 during mid-day trading on Monday, reaching $49.01. 6,008,300 shares of the company traded hands, compared to its average volume of 13,169,529. Oracle Corporation has a 1 year low of $37.64 and a 1 year high of $53.14. The stock has a market cap of $204,542.53, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. Oracle’s revenue for the quarter was up 7.0% on a year-over-year basis. research analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.
In other news, Director Jeffrey Berg sold 45,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by insiders.
A number of research analysts recently weighed in on ORCL shares. Credit Suisse Group started coverage on shares of Oracle in a report on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price objective for the company. Zacks Investment Research cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Vetr cut shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price objective for the company. in a report on Sunday, September 3rd. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS AG restated a “neutral” rating and issued a $55.00 price objective (down previously from $57.00) on shares of Oracle in a report on Thursday, November 9th. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $54.85.
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Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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