Altshuler Shaham Ltd Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Altshuler Shaham Ltd lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 5,853.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,552,580 shares of the enterprise software provider’s stock after purchasing an additional 1,526,500 shares during the period. Oracle accounts for 7.4% of Altshuler Shaham Ltd’s holdings, making the stock its 4th biggest holding. Altshuler Shaham Ltd owned about 0.06% of Oracle worth $219,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Westend Capital Management LLC bought a new position in shares of Oracle during the 1st quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter worth approximately $27,000. Frank Rimerman Advisors LLC bought a new position in Oracle in the fourth quarter worth approximately $30,000. POM Investment Strategies LLC acquired a new stake in Oracle in the second quarter valued at approximately $30,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $168.00 on Monday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $465.52 billion, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The firm’s fifty day moving average price is $142.30 and its 200-day moving average price is $132.10.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. On average, equities research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business 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 yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ORCL shares. UBS Group increased their target price on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Tuesday, September 10th. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Morgan Stanley raised their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued 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 $166.13.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the company’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 $7,076,685. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total value of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 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 ninety days. 42.80% of the stock is 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.