Oracle Co. (NYSE:ORCL) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,597 shares of the enterprise software provider's stock after selling 7,759 shares during the period. Banco Santander S.A.'s holdings in Oracle were worth $18,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter worth approximately $35,000. Reston Wealth Management LLC purchased a new stake in Oracle in the third quarter valued at approximately $44,000. Finally, Quest Partners LLC acquired a new position in Oracle during the second quarter worth approximately $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ORCL shares. Jefferies Financial Group boosted 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. Melius Research raised Oracle from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. Sanford C. Bernstein upped their price target on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, Piper Sandler upped their target price on shares of Oracle from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

Oracle Trading Up 0.6 %

Shares of ORCL stock opened at $191.98 on Thursday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $193.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $531.99 billion, a P/E ratio of 49.17, a P/E/G ratio of 3.48 and a beta of 1.02. The stock has a 50-day simple moving average of $174.39 and a 200 day simple moving average of $148.37.

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, topping analysts' consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for 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%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.