Artisan Partners Limited Partnership raised its position in shares of Oracle Co. (NYSE:ORCL) by 8.2% in the first quarter, HoldingsChannel.com reports. The fund owned 15,076,556 shares of the enterprise software provider’s stock after buying an additional 1,142,018 shares during the quarter. Oracle comprises approximately 1.4% of Artisan Partners Limited Partnership’s investment portfolio, making the stock its 16th biggest holding. Artisan Partners Limited Partnership’s holdings in Oracle were worth $689,752,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tarbox Family Office Inc. lifted its stake in shares of Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 965 shares during the period. Cpwm LLC lifted its stake in shares of Oracle by 6.0% in the fourth quarter. Cpwm LLC now owns 17,625 shares of the enterprise software provider’s stock valued at $833,000 after buying an additional 1,001 shares during the period. Pillar Pacific Capital Management LLC lifted its stake in shares of Oracle by 0.6% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 180,430 shares of the enterprise software provider’s stock valued at $8,531,000 after buying an additional 1,017 shares during the period. Butensky & Cohen Financial Security Inc. lifted its stake in shares of Oracle by 2.7% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 40,265 shares of the enterprise software provider’s stock valued at $1,904,000 after buying an additional 1,040 shares during the period. Finally, Timber Creek Capital Management LLC lifted its stake in shares of Oracle by 1.1% in the fourth quarter. Timber Creek Capital Management LLC now owns 92,267 shares of the enterprise software provider’s stock valued at $4,362,000 after buying an additional 1,045 shares during the period. Institutional investors own 56.43% of the company’s stock.

In other Oracle news, insider Thomas Kurian sold 979,402 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $45.40, for a total value of $44,464,850.80. Following the transaction, the insider now directly owns 114,871 shares of the company’s stock, valued at $5,215,143.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $45.95, for a total transaction of $5,743,750.00. Following the completion of the transaction, the executive vice president now directly owns 161,954 shares in the company, valued at $7,441,786.30. The disclosure for this sale can be found here. In the last three months, insiders sold 2,557,015 shares of company stock valued at $117,480,315. 29.00% of the stock is currently owned by company insiders.

ORCL has been the subject of several research reports. TheStreet cut shares of Oracle from a “b+” rating to a “c+” rating in a research note on Monday, March 19th. Credit Suisse Group reiterated a “buy” rating and issued a $62.00 target price on shares of Oracle in a research note on Sunday, February 18th. Zacks Investment Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Friday, March 23rd. JPMorgan Chase & Co. reissued a “buy” rating and issued a $55.00 price target on shares of Oracle in a research report on Tuesday, March 20th. Finally, Cleveland Research lowered shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.30.

Shares of Oracle opened at $46.72 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 4.30. The company has a market capitalization of $191.50 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.71 and a beta of 1.15. Oracle Co. has a fifty-two week low of $43.74 and a fifty-two week high of $53.48.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.11. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. Oracle’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. equities analysts predict that Oracle Co. will post 2.76 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has initiated a share repurchase plan on Friday, February 2nd that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Oracle Company 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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