Spectrum Asset Management Inc. NB CA Acquires 182 Shares of Oracle Co. (NYSE:ORCL)

Spectrum Asset Management Inc. NB CA increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 28,185 shares of the enterprise software provider’s stock after purchasing an additional 182 shares during the quarter. Oracle accounts for 2.0% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 15th biggest position. Spectrum Asset Management Inc. NB CA’s holdings in Oracle were worth $4,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle during the first quarter worth $38,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter valued at $40,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORCL. Citigroup raised their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Royal Bank of Canada began coverage on shares of Oracle in a report on Wednesday. They set a “sector perform” rating and a $165.00 target price on the stock. Mizuho upped their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.3 %

ORCL stock opened at $173.10 on Thursday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The business has a 50-day simple moving average of $158.68 and a 200 day simple moving average of $139.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $479.67 billion, a PE ratio of 44.61, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its 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. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

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.