Empirical Finance LLC Purchases 984 Shares of Oracle Corporation (ORCL)

Empirical Finance LLC raised its position in shares of Oracle Corporation (NYSE:ORCL) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,242 shares of the enterprise software provider’s stock after acquiring an additional 984 shares during the period. Empirical Finance LLC’s holdings in Oracle were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Oracle by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after buying an additional 5,270,359 shares during the period. BlackRock Inc. raised its holdings in Oracle by 2.5% during the 2nd quarter. BlackRock Inc. now owns 193,791,492 shares of the enterprise software provider’s stock valued at $9,716,707,000 after buying an additional 4,678,977 shares during the period. Harris Associates L P raised its holdings in Oracle by 17.9% during the 2nd quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock valued at $2,456,319,000 after buying an additional 7,427,501 shares during the period. Northern Trust Corp raised its holdings in Oracle by 4.6% during the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after buying an additional 1,835,835 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Oracle by 1.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 41,717,395 shares of the enterprise software provider’s stock valued at $2,091,710,000 after buying an additional 482,220 shares during the period. 57.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. Insiders have sold a total of 111,250 shares of company stock worth $5,306,238 in the last three months. Corporate insiders own 29.00% of the company’s stock.

Several analysts recently weighed in on ORCL shares. Rosenblatt Securities restated a “buy” rating and set a $58.00 price target on shares of Oracle in a report on Monday, September 11th. Vetr lowered Oracle from a “sell” rating to a “strong sell” rating and set a $46.58 price target on the stock. in a report on Tuesday, September 12th. BidaskClub upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Royal Bank of Canada increased their price target on Oracle from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, September 12th. Finally, Drexel Hamilton restated a “buy” rating and set a $62.00 price target on shares of Oracle in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.28.

Oracle Corporation (ORCL) opened at $48.18 on Friday. Oracle Corporation has a 12-month low of $38.38 and a 12-month high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07. The stock has a market capitalization of $201,080.00, a price-to-earnings ratio of 20.68, a PEG ratio of 1.78 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

Oracle announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, January 9th. Oracle’s payout ratio is 32.62%.

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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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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