Charles Schwab Investment Management Inc. Increases Stock Position in Oracle Co. (NYSE:ORCL)

Charles Schwab Investment Management Inc. grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,164,263 shares of the enterprise software provider's stock after purchasing an additional 14,793 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.44% of Oracle worth $2,072,290,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Oracle during the first quarter valued at $38,000. Finally, Quest Partners LLC bought a new position in Oracle in the 2nd quarter worth about $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ORCL. Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 10th. Melius upgraded shares of Oracle from a "hold" rating to a "buy" rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Stifel Nicolaus lifted their price objective on Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, UBS Group reissued a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $169.52.

Oracle Stock Up 0.6 %

ORCL stock opened at $191.98 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $193.83. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $531.99 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. The company has a 50-day moving average of $174.39 and a two-hundred day moving average of $148.37.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Oracle's payout ratio is presently 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

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