Pacer Advisors Inc. Has $28.66 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Pacer Advisors Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 13.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 168,174 shares of the enterprise software provider’s stock after buying an additional 20,469 shares during the quarter. Pacer Advisors Inc.’s holdings in Oracle were worth $28,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new stake in Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle during the first quarter worth about $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the second quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

NYSE:ORCL opened at $192.29 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The company has a market cap of $532.85 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50-day simple moving average is $175.62 and its 200 day simple moving average is $149.20.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s dividend payout ratio is presently 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. Citigroup raised their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Barclays raised their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Royal Bank of Canada initiated coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price on the stock. Finally, TD Cowen raised their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $169.52.

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.