Oracle Co. (NYSE:ORCL) Shares Bought by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,146 shares of the enterprise software provider’s stock after purchasing an additional 758 shares during the period. Oracle makes up approximately 1.7% of Cyrus J. Lawrence LLC’s investment portfolio, making the stock its 26th largest holding. Cyrus J. Lawrence LLC’s holdings in Oracle were worth $8,633,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors boosted its stake in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after buying an additional 82,551 shares in the last quarter. Parnassus Investments LLC grew its holdings in Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after acquiring an additional 2,191,342 shares during the period. Janus Henderson Group PLC raised its position in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC lifted its holdings in Oracle by 6.0% in the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after acquiring an additional 697,961 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ORCL shares. TD Cowen lifted their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” 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 report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Finally, DA Davidson upped their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on 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 owns 42,889 shares of the company’s stock, valued at $7,076,685. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 426,861 shares of the business’s 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 completion of the sale, the insider now 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. Over the last quarter, insiders have sold 1,610,402 shares of company stock worth $230,556,257. Insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.2 %

Shares of NYSE:ORCL opened at $168.00 on Monday. The firm has a fifty day moving average of $142.30 and a two-hundred day moving average of $132.10. 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 Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The firm has a market capitalization 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.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

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

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.