Oracle Co. (NYSE:ORCL) Holdings Boosted by DSM Capital Partners LLC

DSM Capital Partners LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 711.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,388 shares of the enterprise software provider’s stock after purchasing an additional 93,285 shares during the period. Oracle makes up 0.2% of DSM Capital Partners LLC’s portfolio, making the stock its 25th biggest position. DSM Capital Partners LLC’s holdings in Oracle were worth $15,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Fairway Wealth LLC purchased a new position in Oracle during the second quarter valued at approximately $27,000. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter valued at $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the second quarter valued at $35,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Oracle in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Stifel Nicolaus raised their target price on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.13.

Oracle Stock Performance

ORCL opened at $166.22 on Thursday. The stock’s 50 day simple moving average is $143.22 and its 200-day simple moving average is $132.84. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $460.59 billion, a PE ratio of 44.80, a P/E/G ratio of 3.05 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99.

Oracle (NYSE:ORCL) last announced 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 net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the company’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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The disclosure for this sale can be found here. Insiders sold 1,573,181 shares of company stock worth $225,338,245 in the last 90 days. 42.80% of the stock is owned by company insiders.

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.