Boston Partners Has $665.37 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Boston Partners has reduced its stake in Oracle Corporation by 24.2%, owning 4,775,191 shares worth approximately $665.37 million, making it the 23rd largest position in their investment portfolio.
• Several institutional investors, including Vanguard Group Inc. and Northern Trust Corp, have increased their holdings in Oracle, indicating growing institutional interest in the company.
• Oracle reported better-than-expected earnings of $1.70 per share for the last quarter, with revenues rising to $15.90 billion, surpassing analyst expectations.

Boston Partners lessened its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,775,191 shares of the enterprise software provider's stock after selling 1,528,569 shares during the quarter. Oracle makes up about 0.8% of Boston Partners' investment portfolio, making the stock its 23rd largest position. Boston Partners owned 0.17% of Oracle worth $665,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Vanguard Group Inc. boosted its stake in Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Polen Capital Management LLC grew its holdings in shares of Oracle by 17.6% in the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after purchasing an additional 1,885,370 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Oracle by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after purchasing an additional 94,236 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ORCL. Mizuho reduced their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Guggenheim raised their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Roth Capital reissued a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Bank of America raised their target price on Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, KeyCorp lifted their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $222.75.

Oracle Price Performance

NYSE:ORCL opened at $253.54 on Wednesday. The firm's fifty day moving average price is $226.06 and its two-hundred day moving average price is $178.76. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $712.15 billion, a P/E ratio of 58.42, a P/E/G ratio of 3.77 and a beta of 1.43. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. Equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by company insiders.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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