Itau Unibanco Holding S.A. Has $2.27 Million Holdings in Oracle Co. (NYSE:ORCL)

Itau Unibanco Holding S.A. cut its position in Oracle Co. (NYSE:ORCL - Free Report) by 46.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,316 shares of the enterprise software provider's stock after selling 11,484 shares during the period. Itau Unibanco Holding S.A.'s holdings in Oracle were worth $2,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after purchasing an additional 54,868 shares in the last quarter. Harmony Asset Management LLC boosted its holdings in shares of Oracle by 1.5% during the 3rd quarter. Harmony Asset Management LLC now owns 20,428 shares of the enterprise software provider's stock worth $3,481,000 after buying an additional 306 shares during the period. Hilltop Holdings Inc. raised its stake in Oracle by 471.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 42,323 shares of the enterprise software provider's stock worth $7,212,000 after purchasing an additional 34,914 shares in the last quarter. Hollow Brook Wealth Management LLC acquired a new position in shares of Oracle in the 3rd quarter valued at approximately $222,000. Finally, Cladis Investment Advisory LLC acquired a new position in shares of Oracle in the 3rd quarter valued at approximately $201,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction on Monday, September 16th. The shares were 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 in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by insiders.

Oracle Trading Up 0.8 %

NYSE:ORCL traded up $1.48 on Tuesday, reaching $182.89. 8,907,682 shares of the company's stock were exchanged, compared to its average volume of 8,252,060. The business has a fifty day moving average of $178.10 and a 200-day moving average of $152.85. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The firm has a market capitalization of $506.80 billion, a price-to-earnings ratio of 47.14, a price-to-earnings-growth ratio of 3.34 and a beta of 1.03.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle's payout ratio is currently 41.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ORCL shares. Stifel Nicolaus upped their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Evercore ISI upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. BMO Capital Markets increased their price target on shares of Oracle from $160.00 to $173.00 and gave the company a "market perform" rating in a research report on Tuesday, September 10th. Finally, Mizuho increased their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average price target 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.