Victory Capital Management Inc. Buys 253,566 Shares of Oracle Co. (NYSE:ORCL)

Victory Capital Management Inc. lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 44.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 823,546 shares of the enterprise software provider's stock after buying an additional 253,566 shares during the period. Victory Capital Management Inc.'s holdings in Oracle were worth $140,332,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock valued at $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Buckley Wealth Management LLC grew its stake in shares of Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider's stock valued at $1,256,000 after purchasing an additional 2,870 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Oracle by 1.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,709,906 shares of the enterprise software provider's stock worth $632,168,000 after buying an additional 70,833 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of Oracle by 17.7% during the 3rd quarter. Atria Investments Inc now owns 252,823 shares of the enterprise software provider's stock worth $43,081,000 after buying an additional 38,079 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm'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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on ORCL shares. TD Cowen lifted their price objective on Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Stifel Nicolaus boosted their price target on shares of Oracle from $135.00 to $155.00 and gave the company a "hold" rating in a research report on Tuesday, September 10th. Melius raised shares of Oracle from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Morgan Stanley lifted their target price on shares of Oracle from $125.00 to $145.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 10th. Finally, KeyCorp increased their price target on Oracle from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $168.52.

Oracle Trading Up 0.0 %

ORCL traded up $0.04 during midday trading on Wednesday, reaching $189.62. 5,692,996 shares of the company were exchanged, compared to its average volume of 8,254,838. The stock has a market capitalization of $525.45 billion, a P/E ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $191.77. The stock's 50-day simple moving average is $169.43 and its 200 day simple moving average is $145.54. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $13.31 billion during the quarter, compared to analysts' expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, October 10th. Oracle's dividend payout ratio (DPR) 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.