Oddo BHF Asset Management Sas Makes New $1.24 Million Investment in Oracle Co. (NYSE:ORCL)

Oddo BHF Asset Management Sas acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,291 shares of the enterprise software provider's stock, valued at approximately $1,242,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Stanley Laman Group Ltd. purchased a new position in shares of Oracle in the second quarter valued at $254,000. Brookstone Capital Management raised its position in Oracle by 34.9% during the second quarter. Brookstone Capital Management now owns 27,828 shares of the enterprise software provider's stock worth $3,875,000 after acquiring an additional 7,193 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Oracle by 15.2% in the second quarter. Foster Victor Wealth Advisors LLC now owns 3,879 shares of the enterprise software provider's stock valued at $553,000 after purchasing an additional 513 shares in the last quarter. Marietta Wealth Management LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $372,000. Finally, Raymond James & Associates increased its stake in shares of Oracle by 5.1% during the 2nd quarter. Raymond James & Associates now owns 3,991,756 shares of the enterprise software provider's stock worth $563,636,000 after purchasing an additional 194,059 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 1.1 %

NYSE:ORCL traded down $1.93 on Friday, reaching $173.39. The stock had a trading volume of 8,351,106 shares, compared to its average volume of 8,401,477. The company has a 50-day moving average of $180.41 and a 200 day moving average of $155.71. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The stock has a market cap of $484.96 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 3.32 and a beta of 1.03. Oracle Co. has a 12-month low of $99.36 and a 12-month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the prior year, the company posted $1.34 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5.17 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, January 9th. Oracle's payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research note on Tuesday. Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research report on Tuesday. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. JMP Securities reissued a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a research report on Tuesday. Finally, Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $183.63.

Insider Activity

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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 42.20% of the company's stock.

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.