Zacks Investment Management grew its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 28.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 629,532 shares of the enterprise software provider's stock after buying an additional 141,282 shares during the period. Oracle accounts for approximately 0.9% of Zacks Investment Management's holdings, making the stock its 27th biggest holding. Zacks Investment Management's holdings in Oracle were worth $107,272,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Principal Financial Group Inc. lifted its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after buying an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider's stock valued at $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of Oracle during the 3rd quarter valued at $4,160,000. Oppenheimer Asset Management Inc. boosted its position in Oracle by 79.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider's stock worth $48,813,000 after purchasing an additional 126,985 shares during the period. Finally, Miura Global Management LLC acquired a new stake in Oracle in the 3rd quarter valued at $1,704,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Oracle Stock Performance
Shares of NYSE ORCL traded up $5.45 during mid-day trading on Friday, hitting $191.69. The company had a trading volume of 10,503,383 shares, compared to its average volume of 7,507,862. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $196.04. The stock has a market cap of $531.18 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 3.43 and a beta of 1.03. 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 50 day simple moving average is $178.90 and its two-hundred day simple moving average is $153.32.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping 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 business had revenue of $13.31 billion for the quarter, compared to analysts' expectations of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5.06 earnings per share for the current year.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is currently 41.24%.
Insider Buying and Selling at Oracle
In other news, EVP Maria Smith sold 6,320 shares of the 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 trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on ORCL shares. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Melius Research raised shares of Oracle from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. Melius upgraded shares of Oracle from a "hold" rating to a "buy" rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $171.52.
Read Our Latest Stock Analysis on ORCL
Oracle Company Profile
(
Free Report)
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.
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