Academy Capital Management Inc. TX lifted its position in Oracle Co. (NYSE:ORCL) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,524 shares of the enterprise software provider’s stock after buying an additional 9,138 shares during the period. Oracle makes up about 4.4% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 6th biggest position. Academy Capital Management Inc. TX’s holdings in Oracle were worth $19,535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Longview Partners Guernsey LTD raised its holdings in Oracle by 16.9% during the second quarter. Longview Partners Guernsey LTD now owns 22,243,759 shares of the enterprise software provider’s stock valued at $1,267,227,000 after acquiring an additional 3,220,296 shares during the period. Fisher Asset Management LLC raised its holdings in Oracle by 3.4% during the third quarter. Fisher Asset Management LLC now owns 16,092,964 shares of the enterprise software provider’s stock valued at $885,596,000 after acquiring an additional 525,562 shares during the period. Polen Capital Management LLC raised its holdings in Oracle by 3.1% during the second quarter. Polen Capital Management LLC now owns 14,444,171 shares of the enterprise software provider’s stock valued at $822,884,000 after acquiring an additional 430,254 shares during the period. Morgan Stanley raised its holdings in Oracle by 7.2% during the second quarter. Morgan Stanley now owns 11,681,563 shares of the enterprise software provider’s stock valued at $665,498,000 after acquiring an additional 785,777 shares during the period. Finally, UBS Asset Management Americas Inc. raised its holdings in Oracle by 2.4% during the second quarter. UBS Asset Management Americas Inc. now owns 10,643,853 shares of the enterprise software provider’s stock valued at $606,380,000 after acquiring an additional 246,709 shares during the period. Hedge funds and other institutional investors own 53.90% of the company’s stock.

ORCL opened at $56.49 on Monday. The firm has a market cap of $182.74 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.65 and a beta of 1.16. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67. The stock has a 50-day moving average of $54.79 and a 200 day moving average of $54.81.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The company had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. On average, research analysts forecast that Oracle Co. will post 3.47 earnings per share for the current fiscal year.

Oracle announced that its board has authorized a stock buyback plan on Wednesday, September 11th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the enterprise software provider to buy up to 8.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.96 annualized dividend and a yield of 1.70%. Oracle’s dividend payout ratio is currently 30.38%.

In other Oracle news, Director Hector Garcia-Molina sold 4,643 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $56.59, for a total transaction of $262,747.37. Following the completion of the transaction, the director now owns 38,562 shares in the company, valued at $2,182,223.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total value of $40,792,500.00. Following the transaction, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at approximately $53,807,509. The disclosure for this sale can be found here. In the last quarter, insiders sold 849,786 shares of company stock valued at $44,213,156. 36.60% of the stock is currently owned by company insiders.

ORCL has been the topic of a number of recent analyst reports. ValuEngine cut Oracle from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Argus reaffirmed a “buy” rating on shares of Oracle in a report on Friday, September 13th. JPMorgan Chase & Co. set a $56.00 target price on Oracle and gave the stock a “neutral” rating in a report on Thursday, September 12th. Sanford C. Bernstein set a $66.00 target price on Oracle and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada set a $57.00 target price on Oracle and gave the stock a “neutral” rating in a report on Thursday, September 12th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $56.80.

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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