Robeco Institutional Asset Management B.V. increased its position in shares of Oracle Co. (NYSE:ORCL) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,709,633 shares of the enterprise software provider’s stock after purchasing an additional 202,398 shares during the period. Oracle makes up about 0.7% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 21st biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Oracle worth $204,140,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Appleton Partners Inc. MA grew its position in Oracle by 2.9% during the 2nd quarter. Appleton Partners Inc. MA now owns 6,170 shares of the enterprise software provider’s stock worth $351,000 after acquiring an additional 173 shares during the last quarter. Willow Creek Wealth Management Inc. grew its position in Oracle by 2.1% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 8,422 shares of the enterprise software provider’s stock worth $463,000 after acquiring an additional 177 shares during the last quarter. Northern Oak Wealth Management Inc. grew its position in Oracle by 14.8% during the 2nd quarter. Northern Oak Wealth Management Inc. now owns 1,378 shares of the enterprise software provider’s stock worth $78,000 after acquiring an additional 178 shares during the last quarter. First Command Bank grew its position in Oracle by 2.7% during the 3rd quarter. First Command Bank now owns 7,102 shares of the enterprise software provider’s stock worth $391,000 after acquiring an additional 187 shares during the last quarter. Finally, Slow Capital Inc. grew its position in Oracle by 1.1% during the 2nd quarter. Slow Capital Inc. now owns 17,403 shares of the enterprise software provider’s stock worth $991,000 after acquiring an additional 197 shares during the last quarter. 53.80% of the stock is owned by institutional investors and hedge funds.
In related news, Director Renee Jo James sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $53.56, for a total transaction of $160,680.00. Following the transaction, the director now directly owns 32,886 shares of the company’s stock, valued at approximately $1,761,374.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total value of $40,792,500.00. Following the transaction, the chief executive officer now directly owns 1,038,755 shares in the company, valued at $53,807,509. The disclosure for this sale can be found here. Insiders sold a total of 849,786 shares of company stock worth $44,213,156 over the last three months. 36.60% of the stock is owned by company insiders.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.29 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. As a group, research analysts anticipate that Oracle Co. will post 3.47 earnings per share for the current year.
Oracle declared that its board has authorized a share repurchase program on Wednesday, September 11th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to repurchase up to 8.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, October 9th. Oracle’s dividend payout ratio is 30.38%.
Several research analysts have commented on ORCL shares. Raymond James lifted their target price on Oracle from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Monness Crespi & Hardt reaffirmed a “hold” rating on shares of Oracle in a report on Tuesday, September 10th. Barclays cut their target price on Oracle from $59.00 to $57.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Finally, UBS Group set a $57.00 target price on Oracle and gave the stock a “neutral” rating in a report on Thursday, September 12th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.38.
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.
Recommended Story: Why Net Income is Important to Investors
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.