Claro Advisors LLC Increases Stake in Oracle Co. (NYSE:ORCL)

Claro Advisors LLC raised its position in Oracle Co. (NYSE:ORCL - Free Report) by 24.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,479 shares of the enterprise software provider's stock after acquiring an additional 4,244 shares during the period. Claro Advisors LLC's holdings in Oracle were worth $3,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ORCL. Janus Henderson Group PLC raised its holdings in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. raised its holdings in shares of Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock worth $552,262,000 after buying an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Oracle by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock worth $532,920,000 after purchasing an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the last quarter. Finally, Altshuler Shaham Ltd raised its holdings in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock worth $219,224,000 after purchasing an additional 1,526,500 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. DA Davidson raised their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Bank of America lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Mizuho lifted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada began coverage on shares of Oracle in a report on Wednesday, October 23rd. They issued a "sector perform" rating and a $165.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.52.

Oracle Price Performance

ORCL traded down $3.31 on Friday, reaching $183.74. 8,986,276 shares of the company's stock were exchanged, compared to its average volume of 5,993,277. 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 cap of $509.15 billion, a PE ratio of 47.36, a P/E/G ratio of 3.39 and a beta of 1.02. The stock's fifty day moving average price is $172.14 and its 200-day moving average price is $147.06. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 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%. Oracle's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio (DPR) is 41.24%.

Oracle Company 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.