Oracle Co. (NYSE:ORCL) Holdings Lowered by Peak Asset Management LLC

Peak Asset Management LLC decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,106 shares of the enterprise software provider's stock after selling 9,856 shares during the quarter. Oracle comprises 3.7% of Peak Asset Management LLC's holdings, making the stock its 4th largest holding. Peak Asset Management LLC's holdings in Oracle were worth $19,784,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings 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 valued at $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. boosted its stake in Oracle by 131.2% during 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 purchasing an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Oracle by 97.4% during the 1st 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 purchasing an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the last quarter. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock valued at $219,224,000 after purchasing an additional 1,526,500 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of ORCL traded down $2.27 during mid-day trading on Thursday, reaching $187.36. 2,388,021 shares of the stock traded hands, compared to its average volume of 8,227,393. The company has a market cap of $519.19 billion, a price-to-earnings ratio of 48.68, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77. The firm has a fifty day moving average price of $170.41 and a 200 day moving average price of $145.85. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL - Get Free Report) last announced its 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 net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the business posted $0.95 earnings per share. Oracle's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 annualized dividend and a yield of 0.85%. Oracle's payout ratio is 41.24%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. 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 research note on Tuesday, September 10th. Piper Sandler upped their price objective on shares of Oracle from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a research report on Tuesday, September 10th. Evercore ISI upped their target price on Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the company a "market outperform" rating in a research report on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $168.52.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

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.