Clal Insurance Enterprises Holdings Ltd Trims Position in Oracle Co. (NYSE:ORCL)

Clal Insurance Enterprises Holdings Ltd lowered its position in Oracle Co. (NYSE:ORCL - Free Report) by 43.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,500 shares of the enterprise software provider's stock after selling 3,500 shares during the quarter. Clal Insurance Enterprises Holdings Ltd's holdings in Oracle were worth $767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nwam LLC acquired a new position in shares of Oracle during the 3rd quarter worth about $2,478,000. Meridian Wealth Management LLC boosted its holdings in Oracle by 36.6% in the third quarter. Meridian Wealth Management LLC now owns 36,282 shares of the enterprise software provider's stock valued at $6,182,000 after purchasing an additional 9,727 shares in the last quarter. GM Advisory Group LLC increased its stake in Oracle by 2.9% in the third quarter. GM Advisory Group LLC now owns 12,962 shares of the enterprise software provider's stock valued at $2,209,000 after purchasing an additional 363 shares during the last quarter. Allen Capital Group LLC acquired a new stake in Oracle during the third quarter worth approximately $252,000. Finally, CFS Investment Advisory Services LLC lifted its position in shares of Oracle by 11.2% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,497 shares of the enterprise software provider's stock worth $1,448,000 after buying an additional 853 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business'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 completion of the transaction, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORCL shares. JMP Securities increased their target price on shares of Oracle from $175.00 to $205.00 and gave the company a "market outperform" rating in a research report on Friday, October 18th. Royal Bank of Canada assumed coverage on Oracle in a research report on Wednesday, October 23rd. They set a "sector perform" rating and a $165.00 target price on the stock. DA Davidson upped their target price on Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Guggenheim lifted their price target on Oracle from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Finally, Evercore ISI increased their price objective on Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

Oracle Price Performance

ORCL stock traded down $0.14 during trading on Friday, reaching $192.29. 6,879,447 shares of the company were exchanged, compared to its average volume of 6,824,324. 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's 50 day moving average price is $175.62 and its 200 day moving average price is $149.41. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The company has a market cap of $532.85 billion, a P/E ratio of 49.56, a PEG ratio of 3.55 and a beta of 1.02.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors 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 dividend on an annualized basis and a yield of 0.83%. Oracle's payout ratio is 41.24%.

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.