Quest Partners LLC Buys New Position in Oracle Co. (NYSE:ORCL)

Quest Partners LLC purchased a new position in Oracle Co. (NYSE:ORCL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 285 shares of the enterprise software provider’s stock, valued at approximately $40,000.

Other large investors also recently bought and sold shares of the company. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter worth $25,000. Tidemark LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $29,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $30,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC purchased a new position in Oracle in the second quarter valued at about $35,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent analyst reports. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday. Jefferies Financial Group upped their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday. Finally, Morgan Stanley increased their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.88.

Oracle Trading Down 1.8 %

Oracle stock opened at $164.49 on Thursday. The firm has a 50-day moving average price of $141.34 and a two-hundred day moving average price of $131.19. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99. The firm has a market capitalization of $453.31 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 2.95 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold 1,610,402 shares of company stock valued at $230,556,257 over the last 90 days. 42.80% of the stock is currently owned by company insiders.

About Oracle

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.