Truvestments Capital LLC Buys 18,224 Shares of Oracle Co. (NYSE:ORCL)

Truvestments Capital LLC grew its stake in Oracle Co. (NYSE:ORCLFree Report) by 864.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,333 shares of the enterprise software provider’s stock after buying an additional 18,224 shares during the quarter. Oracle makes up 0.9% of Truvestments Capital LLC’s portfolio, making the stock its 24th biggest holding. Truvestments Capital LLC’s holdings in Oracle were worth $3,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ORCL. Blue Whale Capital LLP raised its stake in Oracle by 825.7% during the 3rd quarter. Blue Whale Capital LLP now owns 251,842 shares of the enterprise software provider’s stock worth $42,914,000 after acquiring an additional 224,636 shares during the period. DRW Securities LLC increased its stake in shares of Oracle by 101.3% in the third quarter. DRW Securities LLC now owns 4,669 shares of the enterprise software provider’s stock worth $796,000 after purchasing an additional 353,560 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Oracle by 119.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 34,543 shares of the enterprise software provider’s stock valued at $5,885,000 after purchasing an additional 18,803 shares during the period. Bank of Hawaii purchased a new position in shares of Oracle during the 3rd quarter valued at $200,000. Finally, Fisher Asset Management LLC boosted its holdings in Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after buying an additional 310,709 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.0 %

Shares of ORCL opened at $194.20 on Monday. The company’s fifty day simple moving average is $175.62 and its 200-day simple moving average is $149.64. The company has a market cap of $538.14 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.54 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04.

Oracle (NYSE:ORCLGet Free Report) last posted 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. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. As a group, analysts expect 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. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ORCL shares. JPMorgan Chase & Co. raised their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Piper Sandler increased their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Evercore ISI boosted their price target on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, JMP Securities lifted their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $169.52.

View Our Latest Research Report on ORCL

About Oracle

(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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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