Franklin Resources Inc. Acquires 3,364,595 Shares of Oracle Co. (ORCL)

Franklin Resources Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,945,335 shares of the enterprise software provider’s stock after buying an additional 3,364,595 shares during the period. Franklin Resources Inc.’s holdings in Oracle were worth $1,113,025,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ORCL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 107,202 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Oracle by 4.5% in the third quarter. Proficio Capital Partners LLC now owns 3,151 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 135 shares during the last quarter. Penserra Capital Management LLC increased its stake in Oracle by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock valued at $128,000 after buying an additional 1,283 shares during the last quarter. First Bank & Trust acquired a new stake in Oracle during the fourth quarter valued at approximately $141,000. Finally, Valley National Advisers Inc. increased its stake in Oracle by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock valued at $144,000 after buying an additional 105 shares during the last quarter. Institutional investors own 57.95% of the company’s stock.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Oracle Co. (NYSE:ORCL) opened at 44.65 on Friday. Oracle Co. has a 12-month low of $37.62 and a 12-month high of $46.99. The company’s 50-day moving average price is $42.59 and its 200-day moving average price is $40.14. The stock has a market cap of $183.72 billion, a PE ratio of 21.12 and a beta of 1.14.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.25 billion. Oracle had a return on equity of 21.33% and a net margin of 23.69%. Oracle’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, equities analysts expect that Oracle Co. will post $2.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 12th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, April 10th. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. This is an increase from Oracle’s previous quarterly dividend of $0.15. Oracle’s dividend payout ratio is currently 28.99%.

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Several research firms recently commented on ORCL. Bank of America Corp reiterated a “buy” rating and issued a $42.58 price objective (down from $48.00) on shares of Oracle in a report on Tuesday, March 14th. Royal Bank of Canada lifted their price objective on Oracle from $43.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, March 13th. Macquarie reissued a “buy” rating and issued a $48.00 target price on shares of Oracle in a research report on Tuesday, March 14th. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $52.00 target price on shares of Oracle in a research report on Friday, December 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.81.

In other news, CEO Safra Catz sold 819,829 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $45.02, for a total value of $36,908,701.58. Following the transaction, the chief executive officer now owns 1,281,689 shares in the company, valued at $57,701,638.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $39.09, for a total value of $146,587.50. Following the completion of the transaction, the director now owns 8,281 shares in the company, valued at approximately $323,704.29. The disclosure for this sale can be found here. Insiders have sold 5,172,401 shares of company stock worth $234,375,807 in the last quarter. 29.00% of the stock is currently owned by company insiders.

Oracle Company 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.

5 Day Chart for NYSE:ORCL

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