Oracle Co. (NYSE:ORCL) Shares Acquired by Payden & Rygel

Payden & Rygel increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.5% in the third quarter, Holdings Channel reports. The firm owned 65,290 shares of the enterprise software provider’s stock after buying an additional 300 shares during the period. Payden & Rygel’s holdings in Oracle were worth $11,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the second quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $44,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle in the second quarter worth $40,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In related 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 value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Jefferies Financial Group boosted their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. DA Davidson boosted their target price 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. Finally, UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Up 1.0 %

Oracle stock opened at $190.76 on Thursday. The stock’s 50 day moving average price is $174.39 and its 200 day moving average price is $148.37. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The company has a market cap of $528.61 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. Oracle’s payout ratio is 41.24%.

Oracle 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.