Itau Unibanco Holding S.A. Has $3.50 Million Stock Position in Oracle Co. (NYSE:ORCL)

Itau Unibanco Holding S.A. increased its position in shares of Oracle Co. (NYSE:ORCL) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,800 shares of the enterprise software provider’s stock after acquiring an additional 3,300 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Oracle were worth $3,502,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORCL. Westend Capital Management LLC bought a new position in shares of Oracle in the 1st quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Oracle in the second quarter valued at approximately $27,000. Tidemark LLC bought a new position in Oracle in the fourth quarter valued at approximately $29,000. Frank Rimerman Advisors LLC acquired a new stake in Oracle during the 4th quarter worth $30,000. Finally, POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.2 %

Shares of NYSE:ORCL opened at $168.00 on Friday. The company’s 50-day moving average price is $142.30 and its two-hundred day moving average price is $131.96. Oracle Co. has a one year low of $99.26 and a one year high of $173.99. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $465.52 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued 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. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s payout ratio is 43.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. KeyCorp upped their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Argus lifted their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Sanford C. Bernstein upped their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group lifted their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $166.13.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The disclosure for this sale can be found here. Insiders sold a total of 1,610,402 shares of company stock worth $230,556,257 over the last quarter. 42.80% of the stock is currently owned by insiders.

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.