Mesirow Financial Investment Management Inc. Has $19.77 Million Stake in Oracle Co. (NYSE:ORCL)

Mesirow Financial Investment Management Inc. raised its position in Oracle Co. (NYSE:ORCL) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,038 shares of the enterprise software provider’s stock after purchasing an additional 2,591 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Oracle were worth $19,774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Eagle Rock Investment Company LLC grew its stake in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the period. W Advisors LLC boosted its position in Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares during the period. Versant Capital Management Inc increased its stake in shares of Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after purchasing an additional 65 shares in the last quarter. Oak Ridge Investments LLC raised its position in shares of Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after purchasing an additional 65 shares during the period. Finally, Trust Point Inc. lifted its stake in shares of Oracle by 0.5% during the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after buying an additional 66 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 1.5 %

ORCL stock opened at $189.25 on Friday. Oracle Co. has a one year low of $99.26 and a one year high of $190.16. The company has a market capitalization of $524.42 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. The company’s 50 day moving average price is $167.47 and its two-hundred day moving average price is $144.10. 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 issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Royal Bank of Canada started coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price for the company. KeyCorp upped their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s 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 in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.