Candriam Luxembourg S.C.A. lessened its holdings in shares of Oracle Corporation (NYSE:ORCL) by 46.9% in the third quarter, HoldingsChannel reports. The fund owned 275,846 shares of the enterprise software provider’s stock after selling 243,523 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Oracle were worth $13,337,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. grew its stake in Oracle by 6,353.4% in the first quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock worth $831,551,000 after purchasing an additional 18,351,920 shares during the period. BT Investment Management Ltd purchased a new stake in Oracle in the second quarter worth $459,738,000. Harris Associates L P grew its stake in Oracle by 17.9% in the second quarter. Harris Associates L P now owns 48,989,216 shares of the enterprise software provider’s stock worth $2,456,319,000 after purchasing an additional 7,427,501 shares during the period. FMR LLC grew its stake in Oracle by 24.8% in the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock worth $1,658,750,000 after purchasing an additional 6,577,297 shares during the period. Finally, Vanguard Group Inc. grew its stake in Oracle by 2.6% in the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock worth $10,350,996,000 after purchasing an additional 5,270,359 shares during the period. Institutional investors own 57.89% of the company’s stock.

ORCL has been the topic of several recent research reports. UBS Group set a $55.00 price target on Oracle and gave the stock a “neutral” rating in a research note on Friday, December 15th. Vetr raised Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target on the stock in a research note on Thursday, November 2nd. BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Finally, Barclays upped their price target on Oracle from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $55.28.

In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $47.59, for a total value of $4,759,000.00. Following the transaction, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $48.70, for a total value of $182,625.00. The disclosure for this sale can be found here. Insiders sold 111,250 shares of company stock worth $5,306,238 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Oracle Corporation (ORCL) opened at $49.06 on Wednesday. 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 Corporation has a 12 month low of $38.59 and a 12 month high of $53.14. The company has a market capitalization of $204,750.00, a PE ratio of 21.06, a PEG ratio of 1.85 and a beta of 1.05.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 32.62%.

Oracle announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 14th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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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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