Oracle Co. (NYSE:ORCL) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,182 shares of the enterprise software provider’s stock after purchasing an additional 767 shares during the period. Lindbrook Capital LLC’s holdings in Oracle were worth $3,098,000 as of its most recent SEC filing.

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

Oracle Stock Up 1.6 %

Shares of NYSE ORCL opened at $189.29 on Friday. 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 has a market cap of $524.53 billion, a price-to-earnings ratio of 48.79, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $190.16. The firm’s 50-day simple moving average is $167.47 and its 200 day simple moving average is $144.10.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.95 earnings per share. Oracle’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. Evercore ISI boosted their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” 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 target price on the stock in a research report on Monday, September 16th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insiders Place Their Bets

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

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.