Oracle Co. (NYSE:ORCL) Holdings Lifted by Holderness Investments Co.

Holderness Investments Co. raised its position in Oracle Co. (NYSE:ORCLFree Report) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,545 shares of the enterprise software provider’s stock after buying an additional 405 shares during the period. Oracle accounts for 1.6% of Holderness Investments Co.’s investment portfolio, making the stock its 8th biggest holding. Holderness Investments Co.’s holdings in Oracle were worth $6,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westend Capital Management LLC bought a new position in Oracle during the first quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Oracle in the second quarter valued at about $27,000. Tidemark LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. Frank Rimerman Advisors LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC purchased a new position in Oracle in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. BMO Capital Markets lifted their target price on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a research note on Tuesday, September 10th. Finally, Melius upgraded shares of 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. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $166.13.

Get Our Latest Stock Report on Oracle

Oracle Stock Up 0.2 %

ORCL opened at $168.00 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business’s fifty day simple moving average is $142.30 and its 200 day simple moving average is $131.96. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The stock has a market cap of $465.52 billion, a PE ratio of 45.28, a P/E/G ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last released its earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders have sold a total of 1,610,402 shares of company stock worth $230,556,257 in the last 90 days. 42.80% of the stock is owned by company insiders.

Oracle Profile

(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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