Franklin Resources Inc. Grows Holdings in Oracle Co. (ORCL)

Franklin Resources Inc. grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,336,984 shares of the enterprise software provider’s stock after buying an additional 3,393,152 shares during the quarter. Oracle accounts for 0.8% of Franklin Resources Inc.’s portfolio, making the stock its 16th largest position. Franklin Resources Inc. owned about 0.71% of Oracle worth $1,512,636,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ORCL. Truvestments Capital LLC bought a new position in Oracle during the 3rd quarter valued at $107,000. WESPAC Advisors SoCal LLC bought a new position in Oracle during the 3rd quarter valued at $119,000. ELM Advisors LLC bought a new position in Oracle during the 3rd quarter valued at $122,000. Kiley Juergens Wealth Management LLC boosted its stake in Oracle by 70.9% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 2,747 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Palo Capital Inc. bought a new position in Oracle during the 3rd quarter valued at $141,000. Institutional investors and hedge funds own 50.97% of the company’s stock.

In other Oracle news, EVP Dorian Daley sold 131,696 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of 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 filing 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 dated Monday, October 15th. The stock was sold at an average price of $47.26, for a total transaction of $177,225.00. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,321,814.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,946 shares of company stock valued at $7,257,365. Insiders own 32.00% of the company’s stock.

A number of analysts have weighed in on the stock. Credit Suisse Group reissued a “buy” rating and set a $60.00 target price on shares of Oracle in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Oracle from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Stifel Nicolaus reissued a “hold” rating and set a $49.00 target price (down from $50.00) on shares of Oracle in a report on Tuesday, September 18th. Citigroup dropped their target price on shares of Oracle from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, September 18th. Finally, Barclays increased their price objective on shares of Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $53.71.

NYSE:ORCL opened at $48.76 on Monday. Oracle Co. has a twelve month low of $42.57 and a twelve month high of $53.48. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market cap of $201.85 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.11.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Oracle had a net margin of 9.74% and a return on equity of 25.60%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.26 billion. During the same quarter last year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 3.06 earnings per share for the current year.

Oracle declared that its Board of Directors has approved a stock repurchase program on Monday, September 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock repurchase programs are usually an indication 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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