Chiron Investment Management LLC Purchases Shares of 12,353 Oracle Co. (NYSE:ORCL)

Chiron Investment Management LLC bought a new position in Oracle Co. (NYSE:ORCL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,353 shares of the enterprise software provider's stock, valued at approximately $2,105,000.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after buying an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock valued at $3,502,000 after purchasing an additional 3,300 shares during the period. Chase Investment Counsel Corp bought a new stake in shares of Oracle during the 3rd quarter valued at $4,160,000. Oppenheimer Asset Management Inc. raised its stake in shares of Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock valued at $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Miura Global Management LLC bought a new stake in shares of Oracle during the 3rd quarter valued at $1,704,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 0.5 %

ORCL stock traded up $0.86 during trading on Wednesday, hitting $178.60. 8,384,034 shares of the company traded hands, compared to its average volume of 8,382,177. The firm has a market capitalization of $494.91 billion, a PE ratio of 46.06, a P/E/G ratio of 3.49 and a beta of 1.03. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $198.31. The company has a 50-day moving average of $179.97 and a 200-day moving average of $155.06. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. Analysts predict that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. Oracle's dividend payout ratio (DPR) is currently 41.24%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Tuesday. JMP Securities reiterated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research note on Tuesday. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, TD Cowen boosted their target price on Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $181.48.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company's stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 42.20% of the company's stock.

Oracle 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.