Denali Advisors LLC lessened its stake in Oracle Corporation (NYSE:ORCL) by 54.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,700 shares of the enterprise software provider’s stock after selling 190,300 shares during the quarter. Denali Advisors LLC’s holdings in Oracle were worth $7,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Oracle by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,159,207 shares of the enterprise software provider’s stock valued at $509,383,000 after purchasing an additional 450,836 shares during the last quarter. Partnervest Advisory Services LLC lifted its holdings 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 acquiring an additional 39 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its holdings in shares of Oracle by 125.6% during the 2nd quarter. Lockheed Martin Investment Management Co. now owns 166,160 shares of the enterprise software provider’s stock valued at $8,331,000 after acquiring an additional 92,500 shares in the last quarter. Pinnacle Financial Partners Inc. lifted its holdings in shares of Oracle by 8.9% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 113,707 shares of the enterprise software provider’s stock valued at $5,701,000 after acquiring an additional 9,328 shares in the last quarter. Finally, LGT Capital Partners LTD. lifted its holdings in shares of Oracle by 14.0% during the 2nd quarter. LGT Capital Partners LTD. now owns 623,463 shares of the enterprise software provider’s stock valued at $31,260,000 after acquiring an additional 76,653 shares in the last quarter. Institutional investors own 57.40% of the company’s stock.

Shares of Oracle Corporation (ORCL) opened at $47.90 on Thursday. The firm has a market cap of $199,780.00, a PE ratio of 18.22, a PEG ratio of 1.82 and a beta of 1.05. Oracle Corporation has a 1 year low of $38.30 and a 1 year high of $53.14. 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 (NYSE:ORCL) last released its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. equities research analysts forecast that Oracle Corporation will post 2.67 earnings per share for the current fiscal year.

Oracle announced that its Board of Directors has authorized a share repurchase 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 buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

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 given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s payout ratio is currently 32.62%.

In related news, Director George H. Conrades sold 11,250 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $48.10, for a total transaction of $541,125.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at approximately $481,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $877,250. The disclosure for this sale can be found here. Insiders sold a total of 235,000 shares of company stock valued at $11,414,800 in the last three months. Insiders own 29.00% of the company’s stock.

Several research firms recently weighed in on ORCL. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday. Wedbush restated a “buy” rating and set a $58.00 target price on shares of Oracle in a report on Friday, December 15th. J P Morgan Chase & Co set a $55.00 target price on shares of Oracle and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada set a $51.00 target price on shares of Oracle and gave the company a “neutral” rating in a report on Monday. Finally, Oppenheimer restated a “hold” rating on shares of Oracle in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and a consensus price target of $55.26.

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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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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