Longview Partners Guernsey LTD Buys 1,783,200 Shares of Oracle Corporation (ORCL)

Longview Partners Guernsey LTD grew its stake in Oracle Corporation (NYSE:ORCL) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,030,571 shares of the enterprise software provider’s stock after buying an additional 1,783,200 shares during the period. Oracle accounts for about 4.7% of Longview Partners Guernsey LTD’s holdings, making the stock its 14th biggest holding. Longview Partners Guernsey LTD owned 0.43% of Oracle worth $871,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Keel Point LLC boosted its position in shares of Oracle by 0.3% during the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after purchasing an additional 14 shares in the last quarter. Joel Isaacson & Co. LLC boosted its position in shares of Oracle by 0.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after purchasing an additional 24 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of Oracle by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock valued at $404,000 after purchasing an additional 35 shares in the last quarter. Partnervest Advisory Services LLC boosted its position in shares of Oracle by 0.6% during the 2nd quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 39 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC boosted its position in shares of Oracle by 0.9% during the 2nd quarter. Klingenstein Fields & Co. LLC now owns 6,679 shares of the enterprise software provider’s stock valued at $335,000 after purchasing an additional 62 shares in the last quarter. 57.89% of the stock is owned by institutional investors.

Oracle Corporation (NYSE:ORCL) opened at $47.28 on Friday. Oracle Corporation has a fifty-two week low of $38.30 and a fifty-two week high of $53.14. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $195,720.38, a P/E ratio of 20.29, a PEG ratio of 1.80 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts forecast that Oracle Corporation will post 2.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. Oracle’s dividend payout ratio is presently 32.62%.

Oracle announced that its Board of Directors has approved a share buyback plan on Thursday, December 14th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the enterprise software provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

ORCL has been the topic of several research analyst reports. UBS Group set a $55.00 target price on Oracle and gave the company a “neutral” rating in a research report on Friday, December 15th. Vetr lowered Oracle from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a research report on Sunday, September 3rd. BidaskClub upgraded Oracle from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Oppenheimer restated a “hold” rating on shares of Oracle in a research report on Friday, December 15th. Finally, Barclays upped their target price on Oracle from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-seven have given a buy rating to the company. Oracle presently has an average rating of “Buy” and an average price target of $55.26.

In other news, EVP Dorian Daley sold 76,703 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total value of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. Insiders sold 211,250 shares of company stock worth $10,206,238 in the last 90 days. Corporate insiders own 29.00% of the company’s stock.

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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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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