Summit Trail Advisors LLC Increases Position in Oracle Co. (NYSE:ORCL)

Summit Trail Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL - Free Report) by 33.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,341 shares of the enterprise software provider's stock after purchasing an additional 5,045 shares during the quarter. Summit Trail Advisors LLC's holdings in Oracle were worth $3,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle during the second quarter valued at about $35,000. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter valued at about $44,000. Finally, Quest Partners LLC bought a new position in shares of Oracle in the second quarter worth approximately $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORCL shares. Morgan Stanley boosted their price target on Oracle from $125.00 to $145.00 and gave the company an "equal weight" rating in a report on Tuesday, September 10th. JMP Securities raised their price objective on Oracle from $175.00 to $205.00 and gave the company a "market outperform" rating in a research report on Friday, October 18th. Jefferies Financial Group upped their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $169.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE ORCL traded down $0.14 on Friday, hitting $192.29. The company had a trading volume of 6,879,447 shares, compared to its average volume of 6,824,324. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company 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. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The company's fifty day moving average price is $175.62 and its 200-day moving average price is $149.64.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid 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 0.83%. Oracle's dividend payout ratio is presently 41.24%.

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.