32,556 Shares in Oracle Co. (NYSE:ORCL) Purchased by Susquehanna International Group Ltd.

Susquehanna International Group Ltd. acquired a new position in Oracle Co. (NYSE:ORCL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 32,556 shares of the enterprise software provider’s stock, valued at approximately $4,597,000. Oracle makes up approximately 1.1% of Susquehanna International Group Ltd.’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Westend Capital Management LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Oracle during the 2nd quarter worth $27,000. Frank Rimerman Advisors LLC acquired a new position in Oracle in the 4th quarter valued at $30,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the 2nd quarter worth $35,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.3 %

Shares of NYSE ORCL opened at $168.67 on Friday. The company has a market capitalization of $464.82 billion, a P/E ratio of 45.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. The company’s 50 day moving average price is $144.96 and its 200-day moving average price is $133.69. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99.

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 the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. Equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. Guggenheim boosted their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Sanford C. Bernstein lifted their price objective on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. UBS Group boosted their price objective on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Jefferies Financial Group lifted 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. Finally, Citigroup upped their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Ten 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, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 426,861 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,573,181 shares of company stock worth $225,338,245. Insiders own 42.80% of the company’s stock.

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.