Bank Hapoalim BM Decreases Stake in Oracle Co. (NYSE:ORCL)

Bank Hapoalim BM decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,411 shares of the enterprise software provider’s stock after selling 63 shares during the quarter. Bank Hapoalim BM’s holdings in Oracle were worth $2,967,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. KWB Wealth purchased a new stake in Oracle in the 1st quarter valued at about $215,000. Ashton Thomas Private Wealth LLC grew its stake in shares of Oracle by 27.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 16,004 shares of the enterprise software provider’s stock worth $2,010,000 after acquiring an additional 3,494 shares in the last quarter. Norden Group LLC raised its position in Oracle by 7.9% in the 1st quarter. Norden Group LLC now owns 9,036 shares of the enterprise software provider’s stock valued at $1,135,000 after purchasing an additional 665 shares in the last quarter. SeaBridge Investment Advisors LLC raised its stake in Oracle by 91.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 14,221 shares of the enterprise software provider’s stock valued at $1,786,000 after buying an additional 6,807 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Oracle during the 1st quarter worth about $2,432,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ORCL. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. JMP Securities raised their target price on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Bank of America boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. KeyCorp boosted their price target on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada assumed coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $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 is available through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $169.76 on Thursday. Oracle Co. has a one year low of $99.26 and a one year 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. The stock’s 50-day moving average is $162.22 and its 200-day moving average is $141.39. The firm has a market cap of $470.42 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01.

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, 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 business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the business posted $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. 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.