BBR Partners LLC Acquires New Stake in Oracle Co. (ORCL)

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BBR Partners LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,569 shares of the enterprise software provider’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Eagle Investment Management LLC boosted its position in Oracle by 0.3% during the first quarter. First Eagle Investment Management LLC now owns 40,847,782 shares of the enterprise software provider’s stock worth $1,868,786,000 after acquiring an additional 109,107 shares during the last quarter. Geode Capital Management LLC boosted its position in Oracle by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 31,379,477 shares of the enterprise software provider’s stock worth $1,480,412,000 after acquiring an additional 1,141,974 shares during the last quarter. Magellan Asset Management Ltd boosted its position in Oracle by 5.6% during the fourth quarter. Magellan Asset Management Ltd now owns 27,762,703 shares of the enterprise software provider’s stock worth $1,312,621,000 after acquiring an additional 1,472,819 shares during the last quarter. Boston Partners boosted its holdings in Oracle by 0.7% in the 1st quarter. Boston Partners now owns 24,538,967 shares of the enterprise software provider’s stock valued at $1,122,658,000 after purchasing an additional 158,593 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its holdings in Oracle by 5.4% in the 4th quarter. Vulcan Value Partners LLC now owns 23,002,309 shares of the enterprise software provider’s stock valued at $1,087,549,000 after purchasing an additional 1,175,848 shares during the last quarter. Institutional investors own 56.24% of the company’s stock.

Several research firms have weighed in on ORCL. ValuEngine lowered shares of Oracle from a “hold” rating to a “sell” rating in a report on Thursday. UBS Group restated a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a report on Tuesday, June 12th. Credit Suisse Group decreased their price objective on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, March 20th. Bank of America downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 20th. Finally, Morgan Stanley reissued a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $55.47.

In other Oracle news, Director Jeffrey Berg sold 75,000 shares of the business’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $45.94, for a total transaction of $3,445,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $46.17, for a total value of $173,137.50. Following the sale, the director now owns 27,969 shares in the company, valued at approximately $1,291,328.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,557,015 shares of company stock valued at $117,457,740. 29.00% of the stock is owned by insiders.

Shares of NYSE:ORCL traded up $0.99 during midday trading on Friday, reaching $44.09. The company had a trading volume of 1,879,024 shares, compared to its average volume of 17,651,380. The company has a current ratio of 3.96, a quick ratio of 4.30 and a debt-to-equity ratio of 1.21. Oracle Co. has a one year low of $42.57 and a one year high of $53.48. The firm has a market cap of $177.26 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.05. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The firm had revenue of $11.26 billion during the quarter, compared to analyst estimates of $11.17 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. equities research analysts forecast that Oracle Co. will post 3.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, July 16th. This represents a $0.76 annualized dividend and a yield of 1.72%. Oracle’s payout ratio is 26.95%.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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