Cornerstone Capital Management Holdings LLC. increased its holdings in Oracle Co. (NYSE:ORCL) by 60.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,402,258 shares of the enterprise software provider’s stock after buying an additional 529,289 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Oracle were worth $67,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Keel Point LLC raised its position in Oracle by 0.3% during the second 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 raised its position in Oracle by 0.3% during the second 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 raised its position in Oracle by 0.4% during the second 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 raised its position in Oracle by 0.6% during the second 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, Hudock Capital Group LLC raised its position in Oracle by 1.6% during the second quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock valued at $203,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

Shares of Oracle Co. (NYSE:ORCL) opened at $46.84 on Friday. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. Oracle Co. has a one year low of $40.05 and a one year high of $53.14. The firm has a market cap of $202,302.34, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.86 and a beta of 1.08.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.62%. Oracle’s dividend payout ratio is 32.62%.

Oracle announced that its Board of Directors has approved a share buyback plan on Thursday, December 14th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to buy 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.

Several research analysts have commented on ORCL shares. UBS Group set a $55.00 price objective on shares of Oracle and gave the company a “neutral” rating in a research report on Friday, December 15th. Vetr upgraded shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price objective for the company in a research report on Thursday, November 2nd. BidaskClub upgraded shares of 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, Royal Bank of Canada upped their price target on shares of Oracle to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Oracle presently has an average rating of “Buy” and an average target price of $55.39.

In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the sale, the director now owns 62,498 shares of the company’s stock, valued at $3,208,647.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $48.40, for a total transaction of $181,500.00. Following the sale, the director now directly owns 18,125 shares in the company, valued at approximately $877,250. The disclosure for this sale can be found here. In the last three months, insiders sold 1,956,250 shares of company stock worth $98,313,363. 29.00% of the stock is currently owned by insiders.

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Oracle 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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