Kiwi Wealth Investments Limited Partnership purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,734 shares of the enterprise software provider’s stock, valued at approximately $1,121,000.
A number of other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its stake in Oracle by 21.4% in the 2nd quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock valued at $2,100,949,000 after purchasing an additional 8,401,411 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in Oracle in the 2nd quarter valued at $218,896,000. Franklin Resources Inc. grew its stake in Oracle by 13.1% in the 3rd quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after purchasing an additional 3,393,152 shares during the period. Magellan Asset Management Ltd grew its stake in Oracle by 11.3% in the 3rd quarter. Magellan Asset Management Ltd now owns 30,787,975 shares of the enterprise software provider’s stock valued at $1,587,428,000 after purchasing an additional 3,124,391 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Oracle by 186.4% in the 3rd quarter. Renaissance Technologies LLC now owns 3,092,232 shares of the enterprise software provider’s stock valued at $159,435,000 after purchasing an additional 2,012,432 shares during the period. Institutional investors and hedge funds own 51.01% 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 stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the sale, the executive vice president now owns 109,615 shares of the company’s stock, valued at approximately $5,582,691.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $49.42, for a total value of $185,325.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at approximately $1,382,227.98. The disclosure for this sale can be found here. Insiders have sold a total of 142,946 shares of company stock worth $7,257,365 in the last three months. 32.00% of the stock is currently owned by insiders.
Shares of ORCL opened at $46.60 on Friday. The stock has a market cap of $192.91 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.56 and a beta of 1.11. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. Oracle Co. has a 52-week low of $42.57 and a 52-week high of $53.48.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, research analysts expect that Oracle Co. will post 3.06 EPS for the current year.
Oracle announced that its board has authorized a stock repurchase plan on Monday, September 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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Oracle Company 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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