Oracle Corporation (ORCL) Position Cut by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 21.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,273,856 shares of the enterprise software provider’s stock after selling 869,172 shares during the period. AQR Capital Management LLC owned about 0.08% of Oracle Corporation worth $146,046,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ORCL. Boston Partners grew its stake in shares of Oracle Corporation by 20.1% in the 1st quarter. Boston Partners now owns 18,234,179 shares of the enterprise software provider’s stock worth $813,427,000 after buying an additional 3,054,765 shares during the last quarter. Swiss National Bank grew its stake in shares of Oracle Corporation by 26.2% in the 1st quarter. Swiss National Bank now owns 11,137,928 shares of the enterprise software provider’s stock worth $496,863,000 after buying an additional 2,309,400 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Oracle Corporation by 2.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,750,832 shares of the enterprise software provider’s stock worth $2,397,824,000 after buying an additional 1,521,879 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Oracle Corporation in the 1st quarter worth approximately $66,017,000. Finally, First Eagle Investment Management LLC grew its stake in shares of Oracle Corporation by 3.7% in the 1st quarter. First Eagle Investment Management LLC now owns 41,235,175 shares of the enterprise software provider’s stock worth $1,839,501,000 after buying an additional 1,467,144 shares during the last quarter. Institutional investors own 58.67% of the company’s stock.

In related news, EVP W Corey West sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $51.39, for a total value of $7,708,500.00. Following the completion of the sale, the executive vice president now owns 177,988 shares in the company, valued at $9,146,803.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $50.30, for a total transaction of $188,625.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $911,687.50. The disclosure for this sale can be found here. Insiders sold 1,817,500 shares of company stock valued at $91,582,600 in the last quarter. Company insiders own 29.00% of the company’s stock.

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Shares of Oracle Corporation (NYSE ORCL) traded down 7.67% during midday trading on Friday, hitting $48.74. 66,367,857 shares of the stock were exchanged. Oracle Corporation has a 12 month low of $37.62 and a 12 month high of $53.14. The company has a market cap of $201.62 billion, a PE ratio of 22.05 and a beta of 1.05. The stock has a 50 day moving average price of $49.96 and a 200-day moving average price of $46.98.

Oracle Corporation (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Oracle Corporation had a net margin of 25.34% and a return on equity of 21.05%. The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter last year, the business earned $0.55 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, analysts predict that Oracle Corporation will post $2.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio (DPR) is presently 33.19%.

Several analysts recently weighed in on the company. Jefferies Group LLC upped their price target on Oracle Corporation from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group initiated coverage on Oracle Corporation in a research note on Tuesday, September 5th. They issued an “outperform” rating and a $62.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Oracle Corporation in a research report on Tuesday, July 18th. BidaskClub raised Oracle Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Oracle Corporation in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $52.44.

Oracle Corporation Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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