Capital Performance Advisors LLP Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Capital Performance Advisors LLP grew its stake in shares of Oracle Co. (NYSE:ORCL) by 82.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,673 shares of the enterprise software provider’s stock after acquiring an additional 1,208 shares during the quarter. Capital Performance Advisors LLP’s holdings in Oracle were worth $455,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares during the last quarter. Buckley Wealth Management LLC increased its holdings in Oracle by 63.8% during the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after buying an additional 2,870 shares during the last quarter. GAMMA Investing LLC raised its position in Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after acquiring an additional 7,982 shares during the period. Finally, United Asset Strategies Inc. boosted its stake in shares of Oracle by 41.7% during the 3rd quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock worth $3,323,000 after acquiring an additional 5,737 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORCL shares. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Bank of America lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, DA Davidson increased their price objective on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Up 1.2 %

Oracle stock traded up $2.32 during midday trading on Friday, hitting $188.69. 971,737 shares of the company’s stock were exchanged, compared to its average volume of 8,249,862. The firm has a 50-day moving average of $165.58 and a two-hundred day moving average of $143.29. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $188.74. The company has a market cap of $522.87 billion, a PE ratio of 48.02, a P/E/G ratio of 3.12 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Insider Transactions at Oracle

In other 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 transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

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.