Oracle Co. (NYSE:ORCL) is Tower Bridge Advisors' 4th Largest Position

Tower Bridge Advisors boosted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,276 shares of the enterprise software provider's stock after purchasing an additional 3,634 shares during the period. Oracle makes up 3.4% of Tower Bridge Advisors' portfolio, making the stock its 4th largest position. Tower Bridge Advisors' holdings in Oracle were worth $32,593,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the 2nd quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle during the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the 2nd quarter worth approximately $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL traded down $3.31 during mid-day trading on Friday, reaching $183.74. 8,986,276 shares of the company traded hands, compared to its average volume of 5,993,277. The stock has a market capitalization of $509.15 billion, a P/E ratio of 47.36, a P/E/G ratio of 3.39 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company's fifty day moving average price is $172.14 and its 200-day moving average price is $146.83.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle's dividend payout ratio (DPR) is 41.24%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday. Melius Research raised shares of Oracle from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. Mizuho increased their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Citigroup upped their price target on Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada began coverage on Oracle in a research report on Wednesday, October 23rd. They set a "sector perform" rating and a $165.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $169.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by insiders.

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.