Oracle Co. (NYSE:ORCL) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its position in Oracle Co. (NYSE:ORCL) by 856.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,108 shares of the enterprise software provider’s stock after purchasing an additional 19,797 shares during the period. Mirabella Financial Services LLP’s holdings in Oracle were worth $3,696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its stake in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. Eagle Rock Investment Company LLC boosted its stake in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares in the last quarter. W Advisors LLC grew its holdings in shares of Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares during the last quarter. Versant Capital Management Inc increased 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 purchasing an additional 65 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its position in shares of Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after purchasing an additional 65 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ORCL shares. Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Citigroup raised their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Royal Bank of Canada started coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective on the stock. Finally, 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 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. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Buying and Selling at Oracle

In other Oracle 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 of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.0 %

Shares of ORCL stock opened at $194.26 on Monday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The firm has a 50 day moving average price of $175.62 and a two-hundred day moving average price of $149.64. 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 capitalization of $538.31 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (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 business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 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.