AustralianSuper Pty Ltd Has $3.12 Million Stock Position in Oracle Co. (NYSE:ORCL)

AustralianSuper Pty Ltd lessened its stake in Oracle Co. (NYSE:ORCL) by 49.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,328 shares of the enterprise software provider’s stock after selling 18,112 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Oracle were worth $3,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Itau Unibanco Holding S.A. increased its stake 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 worth $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Goelzer Investment Management Inc. increased its position in Oracle by 25.0% during the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after buying an additional 1,500 shares during the last quarter. Buckley Wealth Management LLC raised its stake in Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after buying an additional 2,870 shares during the period. GAMMA Investing LLC lifted its position in shares of Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after buying an additional 7,982 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of Oracle by 7.5% during the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after acquiring an additional 8,790 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 3.9 %

Shares of ORCL stock opened at $167.83 on Friday. 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 Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a market cap of $465.07 billion, a PE ratio of 43.26, a P/E/G ratio of 3.22 and a beta of 1.01. The stock’s fifty day moving average price is $162.81 and its two-hundred day moving average price is $141.58.

Oracle (NYSE:ORCL) last released its 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 firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. 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 business posted $0.95 earnings per share. Equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. DA Davidson increased their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein increased their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Stifel Nicolaus increased their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Finally, TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $168.52.

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.