Oracle Co. (NYSE:ORCL) Shares Acquired by Tower Bridge Advisors

Tower Bridge Advisors boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,276 shares of the enterprise software provider’s stock after purchasing an additional 3,634 shares during the period. Oracle comprises approximately 3.4% of Tower Bridge Advisors’ investment portfolio, making the stock its 4th biggest position. Tower Bridge Advisors’ holdings in Oracle were worth $32,593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Patten & Patten Inc. TN increased its holdings in shares of Oracle by 13.8% during the first quarter. Patten & Patten Inc. TN now owns 9,018 shares of the enterprise software provider’s stock worth $1,133,000 after buying an additional 1,096 shares in the last quarter. Edgestream Partners L.P. increased its holdings in Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock worth $1,730,000 after purchasing an additional 6,587 shares in the last quarter. Ironwood Investment Counsel LLC bought a new position in Oracle in the first quarter valued at about $347,000. Cynosure Group LLC bought a new position in shares of Oracle during the first quarter valued at $396,000. Finally, Covestor Ltd lifted its holdings in shares of Oracle by 35.3% during the first quarter. Covestor Ltd now owns 1,329 shares of the enterprise software provider’s stock worth $167,000 after purchasing an additional 347 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 1.8 %

NYSE ORCL opened at $183.74 on Friday. The business’s fifty day moving average is $172.14 and its 200-day moving average is $146.83. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $191.77.

Oracle (NYSE:ORCL) last posted its quarterly 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 in the previous year, the firm posted $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s payout ratio is 41.24%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. JMP Securities lifted their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Evercore ISI boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

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.