15,200 Shares in Oracle Co. (NYSE:ORCL) Purchased by Morse Asset Management Inc

Morse Asset Management Inc bought a new position in Oracle Co. (NYSE:ORCL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,200 shares of the enterprise software provider's stock, valued at approximately $2,590,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after purchasing an additional 2,052,275 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in Oracle by 5,853.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock worth $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. Swedbank AB increased its holdings in Oracle by 123.7% during the 2nd quarter. Swedbank AB now owns 2,645,920 shares of the enterprise software provider's stock valued at $373,604,000 after purchasing an additional 1,462,978 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Oracle by 459.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,235,859 shares of the enterprise software provider's stock valued at $174,503,000 after acquiring an additional 1,014,959 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Oracle by 2,899.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider's stock worth $155,694,000 after acquiring an additional 883,233 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 1.8 %

NYSE:ORCL traded down $3.30 during midday trading on Thursday, reaching $175.28. 8,141,751 shares of the stock traded hands, compared to its average volume of 8,402,181. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $198.31. The business has a 50-day moving average of $180.19 and a two-hundred day moving average of $155.22. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $485.71 billion, a PE ratio of 45.39, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL - Get Free Report) last issued 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). Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. The business's revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, January 9th. This represents a $1.60 annualized dividend and a yield of 0.91%. Oracle's dividend payout ratio is presently 41.24%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday. StockNews.com cut shares of Oracle from a "buy" rating to a "hold" rating in a research report on Tuesday. Melius upgraded shares of Oracle from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a report on Monday, September 16th. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $181.48.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the 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 completion of the transaction, the executive vice president now directly owns 42,889 shares of the company's stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.20% of the company's stock.

About Oracle

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.