Carnegie Capital Asset Management LLC Has $7.05 Million Holdings in Oracle Co. (ORCL)

Carnegie Capital Asset Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 66.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 145,329 shares of the enterprise software provider’s stock after buying an additional 57,829 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Oracle were worth $7,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Vanguard Group Inc. grew its holdings in shares of Oracle by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after buying an additional 5,270,359 shares during the period. Northern Trust Corp grew its holdings in shares of Oracle by 4.6% in the 2nd quarter. Northern Trust Corp now owns 42,098,104 shares of the enterprise software provider’s stock valued at $2,110,799,000 after buying an additional 1,835,835 shares during the period. FMR LLC grew its holdings in shares of Oracle by 24.8% in the 2nd quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after buying an additional 6,577,297 shares during the period. Boston Partners grew its holdings in shares of Oracle by 1.9% in the 4th quarter. Boston Partners now owns 24,380,374 shares of the enterprise software provider’s stock valued at $1,152,704,000 after buying an additional 455,403 shares during the period. Finally, Longview Partners Guernsey LTD grew its holdings in shares of Oracle by 9.8% in the 4th quarter. Longview Partners Guernsey LTD now owns 19,801,511 shares of the enterprise software provider’s stock valued at $936,215,000 after buying an additional 1,770,940 shares during the period. 57.94% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Thomas Kurian sold 1,700,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $50.29, for a total value of $85,493,000.00. Following the transaction, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $49.72, for a total transaction of $186,450.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $901,175. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,981,250 shares of company stock worth $99,315,438. 29.00% of the stock is owned by insiders.



ORCL has been the subject of several research analyst reports. UBS set a $55.00 price target on shares of Oracle and gave the company a “neutral” rating in a report on Friday, December 15th. Oppenheimer reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 15th. TheStreet lowered shares of Oracle from a “b+” rating to a “c+” rating in a research note on Monday, March 19th. Morgan Stanley raised shares of Oracle from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $46.63 to $47.71 in a research note on Wednesday, January 3rd. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $62.00 target price on shares of Oracle in a research note on Sunday, February 18th. Seventeen equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.11.

Shares of ORCL stock opened at $45.61 on Thursday. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $185,868.14, a PE ratio of 18.32, a PEG ratio of 1.66 and a beta of 1.15. Oracle Co. has a 52-week low of $43.60 and a 52-week high of $53.48.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. Oracle’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. equities analysts forecast that Oracle Co. will post 2.76 earnings per share for the current year.

Oracle declared that its Board of Directors has approved a share buyback plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be issued a $0.19 dividend. The ex-dividend date is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.67%. Oracle’s payout ratio is 30.52%.

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Oracle 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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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