Gulf International Bank UK Ltd Raises Holdings in Oracle Co. (ORCL)

Gulf International Bank UK Ltd raised its position in shares of Oracle Co. (NYSE:ORCL) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,045,149 shares of the enterprise software provider’s stock after purchasing an additional 47,659 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Oracle were worth $53,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WINTON GROUP Ltd lifted its position in shares of Oracle by 18.7% during the 3rd quarter. WINTON GROUP Ltd now owns 426,197 shares of the enterprise software provider’s stock valued at $21,975,000 after acquiring an additional 67,070 shares during the last quarter. Security National Trust Co. lifted its position in shares of Oracle by 4.1% during the 3rd quarter. Security National Trust Co. now owns 47,217 shares of the enterprise software provider’s stock valued at $2,434,000 after acquiring an additional 1,855 shares during the last quarter. Buckingham Asset Management LLC lifted its position in shares of Oracle by 16.0% during the 3rd quarter. Buckingham Asset Management LLC now owns 28,330 shares of the enterprise software provider’s stock valued at $1,461,000 after acquiring an additional 3,908 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its position in shares of Oracle by 2.9% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 289,576 shares of the enterprise software provider’s stock valued at $14,931,000 after acquiring an additional 8,215 shares during the last quarter. Finally, Hollencrest Capital Management lifted its position in shares of Oracle by 18.5% during the 3rd quarter. Hollencrest Capital Management now owns 60,371 shares of the enterprise software provider’s stock valued at $3,113,000 after acquiring an additional 9,405 shares during the last quarter. 53.38% of the stock is owned by hedge funds and other institutional investors.

ORCL opened at $50.61 on Friday. The firm has a market capitalization of $208.76 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.12. Oracle Co. has a 12-month low of $42.57 and a 12-month high of $53.48. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 1.41.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 3.06 EPS for the current fiscal year.

Oracle announced that its Board of Directors has initiated a stock buyback program on Monday, September 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, October 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.50%. Oracle’s dividend payout ratio is 26.95%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,382,227.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 131,696 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the sale, the executive vice president now owns 109,615 shares of the company’s stock, valued at $5,582,691.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,946 shares of company stock valued at $7,248,965. 32.00% of the stock is owned by corporate insiders.

ORCL has been the subject of a number of recent research reports. Nomura set a $58.00 price objective on Oracle and gave the company a “buy” rating in a research report on Tuesday, September 18th. Credit Suisse Group reiterated a “buy” rating and set a $60.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 price objective on shares of Oracle in a research report on Tuesday, September 18th. KeyCorp reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, September 12th. Finally, Zacks Investment Research upgraded Oracle from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Seventeen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $53.71.

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About Oracle

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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