Loomis Sayles & Co. L P boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,519,223 shares of the enterprise software provider’s stock after purchasing an additional 625,051 shares during the period. Oracle accounts for about 4.0% of Loomis Sayles & Co. L P’s investment portfolio, making the stock its 5th biggest holding. Loomis Sayles & Co. L P owned 0.95% of Oracle worth $2,037,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. increased its position in Oracle by 6,303.9% during the 2nd quarter. Alps Advisors Inc. now owns 731,200 shares of the enterprise software provider’s stock worth $34,571,000 after purchasing an additional 719,782 shares in the last quarter. Stoneridge Investment Partners LLC increased its position in Oracle by 61.5% during the 2nd quarter. Stoneridge Investment Partners LLC now owns 270,791 shares of the enterprise software provider’s stock worth $11,931,000 after purchasing an additional 103,124 shares in the last quarter. Burleson & Company LLC increased its position in Oracle by 50.5% during the 2nd quarter. Burleson & Company LLC now owns 8,940 shares of the enterprise software provider’s stock worth $394,000 after purchasing an additional 3,000 shares in the last quarter. Intersect Capital LLC increased its position in Oracle by 21.1% during the 2nd quarter. Intersect Capital LLC now owns 8,618 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 1,504 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Oracle by 8.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,080,403 shares of the enterprise software provider’s stock worth $444,143,000 after purchasing an additional 798,456 shares in the last quarter. 50.97% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Dorian Daley sold 131,696 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $50.93, for a total transaction of $6,707,277.28. Following the transaction, the executive vice president now directly owns 109,615 shares in the company, valued at $5,582,691.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $49.42, for a total value of $185,325.00. Following the transaction, the director now owns 27,969 shares in the company, valued at $1,382,227.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,946 shares of company stock valued at $7,257,365. Company insiders own 32.00% of the company’s stock.

A number of analysts recently issued reports on ORCL shares. Nomura set a $58.00 target price on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Credit Suisse Group reissued a “buy” rating and set a $60.00 target price on shares of Oracle in a research report on Tuesday, September 18th. Goldman Sachs Group reissued a “buy” rating and set a $55.00 target price on shares of Oracle in a research report on Tuesday, September 18th. KeyCorp reissued a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Finally, Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Seventeen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.71.

Shares of NYSE:ORCL opened at $48.75 on Thursday. The company has a market capitalization of $201.81 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.64 and a beta of 1.11. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43. Oracle Co. 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 Thomson Reuters’ consensus estimate of $0.68 by $0.03. The company had revenue of $9.20 billion during 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 business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. On average, analysts anticipate that Oracle Co. will post 3.06 EPS for the current fiscal year.

Oracle declared that its Board of Directors has initiated a stock buyback program on Monday, September 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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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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