Oracle Co. (NYSE:ORCL) Shares Acquired by Arlington Partners LLC

Arlington Partners LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 19.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,437 shares of the enterprise software provider’s stock after purchasing an additional 4,497 shares during the quarter. Oracle accounts for about 1.8% of Arlington Partners LLC’s investment portfolio, making the stock its 5th largest holding. Arlington Partners LLC’s holdings in Oracle were worth $4,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Rock Investment Company LLC increased its position in Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares during the period. Versant Capital Management Inc grew its position in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after buying an additional 65 shares during the period. Trust Point Inc. raised its stake in shares of Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after buying an additional 66 shares during the last quarter. First International Bank & Trust raised its stake in shares of Oracle by 1.8% during the third quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock worth $636,000 after buying an additional 67 shares during the last quarter. Finally, Adirondack Trust Co. boosted its stake in Oracle by 0.8% in the third quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock valued at $1,472,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 0.5 %

Shares of Oracle stock traded down $0.87 during trading hours on Monday, reaching $173.82. 859,744 shares of the company’s stock were exchanged, compared to its average volume of 8,422,999. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a 50 day moving average of $156.29 and a two-hundred day moving average of $138.67. The stock has a market cap of $481.67 billion, a P/E ratio of 44.94, a P/E/G ratio of 3.25 and a beta of 1.01. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating 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 firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that Oracle Co. will post 5 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. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’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 directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ORCL. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research report on Monday, September 16th. UBS Group reissued a “market outperform” rating on shares of Oracle in a research note on Friday. Citigroup boosted their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Jefferies Financial Group increased their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Sanford C. Bernstein boosted 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. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.67.

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.