Pacer Advisors Inc. Buys 20,469 Shares of Oracle Co. (NYSE:ORCL)

Pacer Advisors Inc. raised its stake in Oracle Co. (NYSE:ORCL - Free Report) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,174 shares of the enterprise software provider's stock after purchasing an additional 20,469 shares during the quarter. Pacer Advisors Inc.'s holdings in Oracle were worth $28,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Oracle in the first quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded down $0.14 during mid-day trading on Friday, reaching $192.29. 6,879,447 shares of the stock were exchanged, compared to its average volume of 6,824,324. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $532.85 billion, a PE ratio of 49.56, a PEG ratio of 3.55 and a beta of 1.02. The business has a fifty day moving average price of $175.62 and a 200 day moving average price of $149.20.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle's dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ORCL. Citigroup increased their target price on Oracle from $140.00 to $157.00 and gave the company a "neutral" rating in a research note on Wednesday, September 11th. StockNews.com raised shares of Oracle from a "hold" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, UBS Group reiterated a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $169.52.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction on 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.20% of the company's stock.

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.