Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Oracle Corporation $ORCL

Vanguard Personalized Indexing Management LLC raised its stake in Oracle Corporation (NYSE:ORCL) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 276,013 shares of the enterprise software provider’s stock after buying an additional 4,792 shares during the quarter. Oracle accounts for 0.8% of Vanguard Personalized Indexing Management LLC’s investment portfolio, making the stock its 15th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Oracle were worth $77,660,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ORCL. Vanguard Group Inc. raised its stake in shares of Oracle by 2.1% during 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 acquiring an additional 3,353,461 shares in the last quarter. State Street Corp lifted its holdings in shares of Oracle by 1.7% during the 2nd quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider’s stock valued at $16,060,427,000 after purchasing an additional 1,252,723 shares during the last quarter. Norges Bank acquired a new position in Oracle during the 2nd quarter valued at about $4,275,378,000. Legal & General Group Plc boosted its holdings in Oracle by 1.3% in the second quarter. Legal & General Group Plc now owns 11,315,180 shares of the enterprise software provider’s stock worth $2,473,838,000 after acquiring an additional 147,367 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Oracle by 3.8% during the second quarter. Primecap Management Co. CA now owns 11,182,800 shares of the enterprise software provider’s stock valued at $2,444,896,000 after acquiring an additional 405,525 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE ORCL opened at $177.12 on Monday. 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 firm has a market cap of $508.88 billion, a PE ratio of 33.29, a PEG ratio of 1.56 and a beta of 1.65. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The firm has a fifty day moving average of $198.36 and a 200 day moving average of $239.58.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the previous year, the company earned $1.47 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, January 9th. Oracle’s payout ratio is presently 37.59%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ORCL shares. The Goldman Sachs Group raised Oracle to a “strong-buy” rating in a research report on Monday, January 12th. Stifel Nicolaus reduced their price objective on Oracle from $350.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Barclays set a $310.00 price objective on shares of Oracle in a research note on Thursday, December 11th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Thursday, December 11th. Finally, Cantor Fitzgerald cut their price target on Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $300.46.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,223 shares of Oracle stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $196.61, for a total transaction of $437,064.03. Following the sale, the director owned 25,596 shares of the company’s stock, valued at $5,032,429.56. The trade was a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Hura sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $196.89, for a total transaction of $2,953,350.00. Following the sale, the insider directly owned 234,077 shares of the company’s stock, valued at $46,087,420.53. The trade was a 6.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,588 shares of company stock worth $26,108,046 in the last quarter. 40.90% of the stock is owned by insiders.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.