B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Oracle Co. (NYSE:ORCL – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 153,687 shares of the enterprise software provider’s stock, valued at approximately $26,188,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC purchased a new stake in Oracle in the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the 2nd quarter worth $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle in the 1st quarter worth $38,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Insider Transactions at Oracle
In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.
Oracle Price Performance
Oracle (NYSE:ORCL – Get Free Report) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The company 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 revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid 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 0.86%. Oracle’s payout ratio is currently 41.24%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Citigroup increased their price target on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Guggenheim increased their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Royal Bank of Canada initiated coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective for the company. Finally, TD Cowen increased their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.52.
View Our Latest Stock Report on Oracle
Oracle 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.
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