Citizens Financial Group Inc. RI Boosts Holdings in Oracle Co. (NYSE:ORCL)

Citizens Financial Group Inc. RI grew its stake in Oracle Co. (NYSE:ORCL - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,518 shares of the enterprise software provider's stock after buying an additional 8,927 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Oracle were worth $32,464,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc boosted its position in Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider's stock worth $1,869,816,000 after purchasing an additional 296,866 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider's stock valued at $1,033,430,000 after purchasing an additional 424,500 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Oracle by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider's stock valued at $1,015,862,000 after purchasing an additional 66,444 shares during the period. Finally, Boston Partners increased its stake in shares of Oracle by 32.3% during the first quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider's stock worth $756,100,000 after purchasing an additional 1,473,734 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction 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. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 1.0 %

Shares of NYSE ORCL opened at $190.76 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $528.61 billion, a PE ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77. The stock has a fifty day simple moving average of $174.39 and a 200-day simple moving average of $148.37.

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

Oracle Announces Dividend

The firm also recently declared 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 of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Oracle's dividend payout ratio (DPR) is 41.24%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORCL. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a report on Monday, September 16th. Mizuho increased their price objective on Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Royal Bank of Canada started coverage on shares of Oracle in a research note on Wednesday, October 23rd. They set a "sector perform" rating and a $165.00 target price on the stock. Oppenheimer reiterated a "market perform" rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, UBS Group restated a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

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.

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