1,265 Shares in Oracle Co. (NYSE:ORCL) Purchased by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. bought a new position in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,265 shares of the enterprise software provider’s stock, valued at approximately $216,000.

A number of other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in shares of Oracle in the 1st quarter valued at approximately $1,584,000. Price T Rowe Associates Inc. MD raised its stake in shares of Oracle by 97.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock valued at $532,920,000 after acquiring an additional 2,093,893 shares during the period. Bellevue Group AG raised its stake in shares of Oracle by 49.1% in the 1st quarter. Bellevue Group AG now owns 677 shares of the enterprise software provider’s stock valued at $85,000 after acquiring an additional 223 shares during the period. Zurich Insurance Group Ltd FI raised its stake in shares of Oracle by 2.0% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 1,046,305 shares of the enterprise software provider’s stock valued at $131,426,000 after acquiring an additional 20,106 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Oracle by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,278,630 shares of the enterprise software provider’s stock valued at $160,609,000 after acquiring an additional 13,000 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Bank of America upped their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Guggenheim upped their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Jefferies Financial Group upped their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Trading Down 0.1 %

Shares of Oracle stock opened at $192.29 on Friday. The company has a fifty day simple moving average of $175.62 and a 200-day simple moving average of $149.41. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. 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 $532.85 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 3.55 and a beta of 1.02.

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 analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.83%. 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.