Oracle Co. (NYSE:ORCL) Stake Raised by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 1,257.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,601 shares of the enterprise software provider’s stock after purchasing an additional 85,779 shares during the period. Benjamin Edwards Inc.’s holdings in Oracle were worth $15,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of 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 purchasing an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake 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 buying an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in Oracle during the third quarter valued at about $4,160,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Oracle by 79.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after buying an additional 126,985 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after acquiring an additional 310,709 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 1.9 %

ORCL opened at $181.41 on Tuesday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The business has a 50 day moving average price of $177.45 and a 200 day moving average price of $152.01. The firm has a market cap of $502.70 billion, a P/E ratio of 46.76, a price-to-earnings-growth ratio of 3.41 and a beta of 1.03.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. Research analysts forecast that Oracle Co. will post 5 EPS for the current 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 paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. Oracle’s payout ratio is presently 41.24%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. KeyCorp raised their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. DA Davidson upped their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group upped their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the business’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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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.