Callan Family Office LLC Increases Holdings in Oracle Co. (NYSE:ORCL)

Callan Family Office LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 38.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,509 shares of the enterprise software provider’s stock after acquiring an additional 1,250 shares during the quarter. Callan Family Office LLC’s holdings in Oracle were worth $768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors increased its stake in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares in the last quarter. Legal & General Group Plc boosted its stake in Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after acquiring an additional 296,866 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC raised its stake in Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.5 %

ORCL stock opened at $169.94 on Tuesday. The company has a market capitalization of $470.91 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 3.09 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99. The business has a 50 day simple moving average of $147.84 and a two-hundred day simple moving average of $135.24.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared 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 of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. KeyCorp lifted their price target on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Stifel Nicolaus upped their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Finally, Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Insider Buying and Selling

In related news, insider Edward Screven sold 426,861 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction that occurred on 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 sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,573,181 shares of company stock worth $225,338,245 over the last three months. 42.80% of the stock is owned by insiders.

Oracle Company 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.