Munro Partners Invests $112.27 Million in Oracle Corporation $ORCL

Munro Partners bought a new stake in Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 513,535 shares of the enterprise software provider’s stock, valued at approximately $112,274,000. Oracle makes up approximately 3.5% of Munro Partners’ investment portfolio, making the stock its 7th biggest position.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Oracle in the 2nd quarter worth $4,275,378,000. Vanguard Group Inc. grew its position in Oracle by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after purchasing an additional 3,353,461 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Oracle in the 2nd quarter valued at about $731,512,000. Invesco Ltd. lifted its position in shares of Oracle by 42.1% during the 2nd quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock worth $1,932,507,000 after buying an additional 2,619,722 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Oracle by 840.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock worth $463,380,000 after buying an additional 1,894,157 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 4.6%

Shares of ORCL stock opened at $189.64 on Monday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The business’s fifty day moving average is $245.58 and its 200 day moving average is $241.93. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $544.86 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.66.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The business had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. Oracle’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Oracle’s dividend payout ratio (DPR) is 37.59%.

Insider Buying and Selling

In related news, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the transaction, the director owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. This trade represents a 24.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the sale, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 171,513 shares of company stock worth $50,397,893 in the last ninety days. 40.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and set a $400.00 price target on shares of Oracle in a research report on Thursday. HSBC reaffirmed a “buy” rating and set a $382.00 target price on shares of Oracle in a research report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price target on shares of Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday. KeyCorp lowered their target price on Oracle from $350.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley lifted their price target on Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.57.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.