Thrivent Financial for Lutherans Cuts Position in Oracle Co. (NYSE:ORCL)

Thrivent Financial for Lutherans decreased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,515 shares of the enterprise software provider's stock after selling 3,288 shares during the quarter. Thrivent Financial for Lutherans' holdings in Oracle were worth $15,764,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Eagle Rock Investment Company LLC raised its stake in Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider's stock worth $3,003,000 after purchasing an additional 64 shares during the period. W Advisors LLC increased its holdings in shares of Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider's stock worth $368,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider's stock valued at $674,000 after buying an additional 65 shares during the period. Oak Ridge Investments LLC grew its position in Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider's stock worth $295,000 after acquiring an additional 65 shares during the period. Finally, Trust Point Inc. increased its stake in Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider's stock worth $2,318,000 after acquiring an additional 66 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction, the executive vice president now owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The trade was a 12.84 % 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 owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Oracle from $135.00 to $155.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Mizuho upped 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. Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the company a "buy" rating in a report on Monday, September 16th. StockNews.com upgraded Oracle from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their price objective on Oracle from $160.00 to $173.00 and gave the company a "market perform" rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

Oracle Trading Up 1.0 %

NYSE ORCL opened at $190.76 on Thursday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a market capitalization of $528.61 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. 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 firm's fifty day moving average price is $174.39 and its 200 day moving average price is $148.37.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business 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 business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business 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 Dividend Announcement

The firm 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 of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.84%. Oracle's dividend payout ratio (DPR) is 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.