Abner Herrman & Brock LLC Has $27 Million Position in Oracle Co. (NYSE:ORCL)

Abner Herrman & Brock LLC reduced its holdings in Oracle Co. (NYSE:ORCL) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 158,421 shares of the enterprise software provider’s stock after selling 497 shares during the period. Oracle makes up 3.3% of Abner Herrman & Brock LLC’s portfolio, making the stock its 6th largest holding. Abner Herrman & Brock LLC’s holdings in Oracle were worth $26,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares in the last quarter. Capital World Investors increased its holdings in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the period. Legal & General Group Plc increased its holdings in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after purchasing an additional 424,500 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 2.2 %

Shares of Oracle stock opened at $178.20 on Thursday. The company’s fifty day moving average price is $149.25 and its two-hundred day moving average price is $135.86. The firm has a market capitalization of $491.09 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,146,320 shares of company stock worth $164,762,400 in the last three months. Insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ORCL shares. Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Barclays raised their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. UBS Group boosted their price target on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $167.42.

About Oracle

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.