Macquarie Group Ltd. lessened its position in shares of Oracle Corporation (NYSE:ORCL) by 10.8% in the third quarter, Holdings Channel reports. The fund owned 14,739,893 shares of the enterprise software provider’s stock after selling 1,791,495 shares during the quarter. Oracle comprises 1.3% of Macquarie Group Ltd.’s investment portfolio, making the stock its 23rd biggest holding. Macquarie Group Ltd.’s holdings in Oracle were worth $712,668,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vaughan David Investments Inc. IL increased its position in Oracle by 22.5% in the third quarter. Vaughan David Investments Inc. IL now owns 755,875 shares of the enterprise software provider’s stock worth $26,985,000 after buying an additional 138,664 shares in the last quarter. Banque Pictet & Cie SA increased its position in Oracle by 55.4% in the third quarter. Banque Pictet & Cie SA now owns 69,422 shares of the enterprise software provider’s stock worth $3,357,000 after buying an additional 24,755 shares in the last quarter. Pictet North America Advisors SA increased its position in Oracle by 55.4% in the third quarter. Pictet North America Advisors SA now owns 69,422 shares of the enterprise software provider’s stock worth $3,357,000 after buying an additional 24,755 shares in the last quarter. ClariVest Asset Management LLC increased its position in Oracle by 7,900.9% in the third quarter. ClariVest Asset Management LLC now owns 504,458 shares of the enterprise software provider’s stock worth $24,391,000 after buying an additional 498,153 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its position in Oracle by 6.0% in the third quarter. Commonwealth Equity Services Inc now owns 447,003 shares of the enterprise software provider’s stock worth $21,612,000 after buying an additional 25,315 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.

A number of brokerages have commented on ORCL. Vetr upgraded Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target for the company in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $53.00 price target on Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Drexel Hamilton restated a “buy” rating and issued a $62.00 price target on shares of Oracle in a research report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. set a $55.00 price target on Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.27.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $885,043.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Kurian sold 1,700,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the transaction, the insider now directly owns 1,522,983 shares of the company’s stock, valued at $76,590,815.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,811,250 shares of company stock valued at $90,803,063. 29.00% of the stock is owned by corporate insiders.

Oracle Corporation (NYSE ORCL) opened at $50.58 on Friday. Oracle Corporation has a one year low of $39.43 and a one year high of $53.14. The company has a market capitalization of $207,932.20, a P/E ratio of 21.71, a P/E/G ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. equities analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be paid 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 is Tuesday, January 9th. Oracle’s payout ratio is presently 32.62%.

Oracle announced that its board has initiated a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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About Oracle

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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