Oppenheimer Asset Management Inc. Raises Stock Position in Oracle Co. (NYSE:ORCL)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 79.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 286,460 shares of the enterprise software provider's stock after purchasing an additional 126,985 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Oracle were worth $48,813,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of Oracle by 148.8% during 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 purchasing an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. lifted its stake in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock valued at $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 buying an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after buying an additional 2,052,275 shares during the period. Finally, Altshuler Shaham Ltd increased its stake in 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 acquiring an additional 1,526,500 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 0.0 %

Shares of ORCL traded up $0.04 during trading hours on Wednesday, reaching $189.62. The stock had a trading volume of 5,692,996 shares, compared to its average volume of 8,254,838. 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 $191.77. The firm has a 50-day moving average of $169.43 and a 200 day moving average of $145.54. The company has a market cap of $525.45 billion, a P/E ratio of 48.96, a P/E/G ratio of 3.49 and a beta of 1.02.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. Oracle's payout ratio is presently 41.24%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on ORCL. Mizuho raised their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. TD Cowen raised their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a "hold" rating to a "buy" rating in a research report on Tuesday. Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Finally, Barclays upped their price objective on Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.52.

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.