Oracle Co. (NYSE:ORCL) Shares Acquired by Fred Alger Management LLC

Fred Alger Management LLC increased its position in Oracle Co. (NYSE:ORCL) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,970 shares of the enterprise software provider’s stock after purchasing an additional 1,388 shares during the period. Fred Alger Management LLC’s holdings in Oracle were worth $3,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Brio Consultants LLC boosted its holdings in Oracle by 4.1% in the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares during the period. Precision Wealth Strategies LLC boosted its holdings in shares of Oracle by 4.1% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after buying an additional 155 shares during the period. Gilbert & Cook Inc. acquired a new stake in Oracle during the fourth quarter worth about $359,000. Aveo Capital Partners LLC bought a new position in Oracle in the fourth quarter worth about $290,000. Finally, 9258 Wealth Management LLC boosted its stake in Oracle by 0.6% in the fourth quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after acquiring an additional 560 shares during the period. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now directly 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. Insiders sold a total of 1,573,181 shares of company stock worth $225,338,245 over the last ninety days. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Up 1.1 %

Oracle stock opened at $168.11 on Friday. The firm has a market cap of $465.83 billion, a price-to-earnings ratio of 45.31, a price-to-earnings-growth 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. The firm’s 50 day moving average price is $143.76 and its two-hundred day moving average price is $133.07. 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 (NYSE:ORCL) last issued its earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. UBS Group raised their target price on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Tuesday, September 10th. Guggenheim increased their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Evercore ISI boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $166.13.

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.