Quantitative Systematic Strategies LLC Boosts Stake in Oracle Co. (ORCL)

Quantitative Systematic Strategies LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 213.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,353 shares of the enterprise software provider’s stock after buying an additional 37,001 shares during the period. Oracle makes up approximately 0.7% of Quantitative Systematic Strategies LLC’s holdings, making the stock its 28th largest position. Quantitative Systematic Strategies LLC’s holdings in Oracle were worth $2,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in Oracle by 2.8% in the fourth quarter. State Street Corp now owns 122,008,115 shares of the enterprise software provider’s stock worth $4,691,214,000 after buying an additional 3,341,689 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Oracle by 9.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 38,811,633 shares of the enterprise software provider’s stock worth $1,492,308,000 after buying an additional 3,278,258 shares during the period. Franklin Resources Inc. raised its position in Oracle by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 28,945,335 shares of the enterprise software provider’s stock worth $1,113,025,000 after buying an additional 3,364,595 shares during the period. Norges Bank bought a new position in Oracle during the fourth quarter worth $1,090,559,000. Finally, Loomis Sayles & Co. L P raised its position in Oracle by 5.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 26,806,532 shares of the enterprise software provider’s stock worth $1,030,711,000 after buying an additional 1,454,996 shares during the period. 57.95% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Oracle Co. (NYSE:ORCL) opened at 44.31 on Friday. The firm has a market capitalization of $182.32 billion, a P/E ratio of 20.96 and a beta of 1.14. Oracle Co. has a 12 month low of $37.62 and a 12 month high of $46.99. The stock’s 50 day moving average price is $44.72 and its 200-day moving average price is $41.74. Oracle also was the target of some unusual options trading activity on Wednesday. Investors acquired 20,223 call options on the company. This represents an increase of 205% compared to the average volume of 6,636 call options.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. Oracle had a net margin of 23.69% and a return on equity of 21.33%. The business had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the business earned $0.64 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post $2.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change from Oracle’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 28.99%.

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Several brokerages have commented on ORCL. Vetr upgraded Oracle from a “buy” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research note on Monday, January 30th. Bank of America Corp increased their target price on Oracle to $54.00 in a research note on Thursday, March 16th. Canaccord Genuity reiterated a “buy” rating and set a $45.00 target price on shares of Oracle in a research note on Friday, February 24th. TheStreet upgraded Oracle from a “c+” rating to a “b” rating in a research note on Tuesday, February 28th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Oracle in a research note on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $46.42.

In related news, CEO Safra Catz sold 3,000,000 shares of Oracle stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $44.99, for a total transaction of $134,970,000.00. Following the sale, the chief executive officer now directly owns 3,461,860 shares in the company, valued at approximately $155,749,081.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $42.86, for a total transaction of $160,725.00. Following the sale, the director now owns 8,281 shares in the company, valued at $354,923.66. The disclosure for this sale can be found here. Insiders sold a total of 6,834,841 shares of company stock worth $309,094,949 over the last 90 days. Company insiders own 29.00% of the company’s stock.

Oracle Company Profile

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.

12 Month Chart for NYSE:ORCL

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