Itau Unibanco Holding S.A. Boosts Holdings in Oracle Co. (NYSE:ORCL)

Itau Unibanco Holding S.A. boosted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,800 shares of the enterprise software provider's stock after acquiring an additional 3,300 shares during the period. Itau Unibanco Holding S.A.'s holdings in Oracle were worth $3,502,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in shares of Oracle in the first quarter valued at approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $27,000. Tidemark LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $29,000. Frank Rimerman Advisors LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC bought a new stake in shares of Oracle in the second quarter valued at approximately $30,000. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 426,861 shares of the firm's stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the sale, the insider now owns 2,626,764 shares of the company's stock, valued at approximately $372,764,079.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Maria Smith sold 6,320 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 426,861 shares of the firm's stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company's stock, valued at $372,764,079.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,610,402 shares of company stock valued at $230,556,257 in the last quarter. Insiders own 42.80% of the company's stock.

Oracle Trading Up 0.2 %

Shares of ORCL stock traded up $0.41 on Friday, hitting $168.00. 12,187,736 shares of the company's stock traded hands, compared to its average volume of 10,603,998. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a one year low of $99.26 and a one year high of $173.99. The company's fifty day simple moving average is $142.30 and its 200 day simple moving average is $132.10. The stock has a market capitalization of $465.52 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL - Get Free Report) last released its 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 company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm earned $0.95 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle's dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ORCL shares. KeyCorp boosted their price target on shares of Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Stifel Nicolaus upped their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, June 17th. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 10th. Finally, Argus upped their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a "buy" rating in a report on Tuesday, June 18th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.13.

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.