Yellowstone Partners LLC Takes Position in Oracle Co. (ORCL)

Yellowstone Partners LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, HoldingsChannel reports. The firm acquired 4,461 shares of the enterprise software provider’s stock, valued at approximately $216,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Oracle by 2.6% in 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 in the last quarter. BlackRock Inc. increased its position in shares of Oracle by 2.5% in 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 in the last quarter. Harris Associates L P increased its position in shares of Oracle by 17.9% in 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 in the last quarter. Northern Trust Corp increased its position in shares of Oracle by 4.6% in 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 in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Oracle by 1.2% in 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 in the last quarter. 57.77% of the stock is currently owned by hedge funds and other institutional investors.

ORCL has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Oracle in a research report on Sunday, October 22nd. BidaskClub upgraded Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Vetr cut Oracle from a “strong-buy” rating to a “buy” rating and set a $55.49 target price for the company. in a report on Monday, November 6th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, November 15th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $62.00 target price on shares of Oracle in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $55.39.

Oracle Co. (NYSE:ORCL) opened at $48.15 on Tuesday. The stock has a market cap of $199,320.00, a P/E ratio of 20.67, a P/E/G ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. Oracle Co. has a one year low of $40.75 and a one year high of $53.14.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. Oracle’s dividend payout ratio is currently 32.62%.

Oracle declared that its board has initiated a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the transaction, the insider now owns 1,522,983 shares in the company, valued at $76,590,815.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction 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 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 1,956,250 shares of company stock worth $98,313,363 in the last 90 days. Company insiders own 29.00% of the company’s stock.

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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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