Confluence Investment Management LLC Has $97.86 Million Position in Oracle Co. (NYSE:ORCL)

Confluence Investment Management LLC lessened its position in Oracle Co. (NYSE:ORCL - Free Report) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 574,303 shares of the enterprise software provider's stock after selling 11,629 shares during the quarter. Oracle makes up 1.3% of Confluence Investment Management LLC's investment portfolio, making the stock its 28th largest holding. Confluence Investment Management LLC's holdings in Oracle were worth $97,861,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Eagle Rock Investment Company LLC raised its position in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock worth $3,003,000 after purchasing an additional 64 shares during the period. W Advisors LLC increased its position in Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock worth $368,000 after buying an additional 64 shares during the period. Versant Capital Management Inc increased its position in Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider's stock worth $674,000 after buying an additional 65 shares during the period. Oak Ridge Investments LLC lifted its stake in Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider's stock valued at $295,000 after buying an additional 65 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in shares of Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider's stock valued at $2,318,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on 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 sale, the executive vice president now owns 42,889 shares of the company's stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale 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.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Oracle from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research report on Monday. Finally, DA Davidson boosted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $168.52.

Oracle Stock Up 1.6 %

Shares of ORCL traded up $2.92 during trading hours on Friday, hitting $189.29. 8,510,555 shares of the company were exchanged, compared to its average volume of 5,643,102. 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 company has a market cap of $524.53 billion, a PE ratio of 48.79, a PEG ratio of 3.34 and a beta of 1.02. The firm's 50 day moving average is $167.47 and its 200-day moving average is $144.10. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $190.16.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. Oracle's dividend payout ratio is 41.24%.

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.