Oracle Co. (NYSE:ORCL) is Bell Asset Management Ltd’s 3rd Largest Position

Bell Asset Management Ltd increased its position in shares of Oracle Co. (NYSE:ORCL) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 262,212 shares of the enterprise software provider’s stock after buying an additional 12,810 shares during the period. Oracle accounts for approximately 2.8% of Bell Asset Management Ltd’s holdings, making the stock its 3rd biggest position. Bell Asset Management Ltd’s holdings in Oracle were worth $13,520,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Millennium Management LLC lifted its holdings in Oracle by 92.3% in the first quarter. Millennium Management LLC now owns 388,458 shares of the enterprise software provider’s stock valued at $17,772,000 after acquiring an additional 186,470 shares during the last quarter. New England Research & Management Inc. lifted its holdings in Oracle by 100.0% in the second quarter. New England Research & Management Inc. now owns 20,900 shares of the enterprise software provider’s stock valued at $921,000 after acquiring an additional 10,450 shares during the last quarter. Capital Insight Partners LLC lifted its stake in Oracle by 2.0% during the second quarter. Capital Insight Partners LLC now owns 57,310 shares of the enterprise software provider’s stock worth $2,525,000 after purchasing an additional 1,133 shares in the last quarter. Cardinal Capital Management Inc. lifted its stake in Oracle by 4.1% during the second quarter. Cardinal Capital Management Inc. now owns 228,708 shares of the enterprise software provider’s stock worth $10,077,000 after purchasing an additional 9,095 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its stake in Oracle by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 997,490 shares of the enterprise software provider’s stock worth $43,949,000 after purchasing an additional 7,359 shares in the last quarter. 50.95% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on ORCL shares. UBS Group upped their price target on Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a research note on Thursday, August 9th. Societe Generale set a $50.00 price target on Oracle and gave the stock a “neutral” rating in a research note on Tuesday, August 14th. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. Barclays upped their price target on Oracle from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. Finally, KeyCorp restated a “hold” rating on shares of Oracle in a research note on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.71.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $47.26, for a total value of $177,225.00. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,321,814.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dorian Daley sold 131,696 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $50.93, for a total value of $6,707,277.28. Following the completion of the transaction, the executive vice president now directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. Insiders sold 142,946 shares of company stock worth $7,257,365 in the last three months. 32.00% of the stock is currently owned by corporate insiders.

Shares of NYSE ORCL traded up $0.29 during mid-day trading on Thursday, hitting $48.62. The company had a trading volume of 13,858,706 shares, compared to its average volume of 17,908,730. The stock has a market cap of $200.07 billion, a P/E ratio of 17.24, a PEG ratio of 1.62 and a beta of 1.12. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.41. Oracle Co. has a 1-year low of $42.57 and a 1-year high of $53.48.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 17th. The enterprise software provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. On average, equities analysts forecast that Oracle Co. will post 3.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, October 15th. Oracle’s dividend payout ratio (DPR) is presently 26.95%.

Oracle declared that its Board of Directors has initiated a stock repurchase program on Monday, September 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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Oracle 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.

Further Reading: How can you know how many shares are floating?

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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