Oracle Co. (NYSE:ORCL) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in Oracle Co. (NYSE:ORCL - Free Report) by 11.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,983 shares of the enterprise software provider's stock after selling 21,971 shares during the quarter. Intech Investment Management LLC's holdings in Oracle were worth $29,476,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. Itau Unibanco Holding S.A. increased its stake in shares of Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock worth $3,502,000 after buying an additional 3,300 shares during the period. Chase Investment Counsel Corp purchased a new stake in shares of Oracle during the third quarter worth approximately $4,160,000. Oppenheimer Asset Management Inc. increased its stake in shares of Oracle by 79.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock worth $48,813,000 after buying an additional 126,985 shares during the period. Finally, Buckley Wealth Management LLC increased its stake in shares of Oracle by 63.8% during the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider's stock worth $1,256,000 after buying an additional 2,870 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ORCL shares. 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 research note on Tuesday, September 10th. Guggenheim increased their price target on shares of Oracle from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, September 13th. 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 note on Tuesday, September 10th. Jefferies Financial Group increased their price target 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. Finally, KeyCorp increased their price target 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. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $169.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 sale, the executive vice president now 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company's stock.

Oracle Trading Up 1.0 %

NYSE:ORCL opened at $190.76 on Thursday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77. The stock has a market capitalization of $528.61 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02. The stock has a fifty day moving average price of $174.39 and a two-hundred day moving average price of $148.37. 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 (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 for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is currently 41.24%.

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.

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