Brooklyn Investment Group Has $2.32 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Brooklyn Investment Group grew its position in shares of Oracle Co. (NYSE:ORCL) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,593 shares of the enterprise software provider’s stock after acquiring an additional 530 shares during the quarter. Oracle accounts for 0.8% of Brooklyn Investment Group’s holdings, making the stock its 25th biggest position. Brooklyn Investment Group’s holdings in Oracle were worth $2,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fisher Asset Management LLC increased its stake in Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares during the last quarter. Legal & General Group Plc increased its position in shares of Oracle by 2.3% in the second 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 acquiring an additional 296,866 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 valued at $1,033,430,000 after purchasing an additional 424,500 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Oracle by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after purchasing an additional 66,444 shares in the last quarter. Finally, Boston Partners grew its stake in Oracle by 32.3% in the first quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider’s stock valued at $756,100,000 after purchasing an additional 1,473,734 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, KeyCorp lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Down 2.2 %

ORCL stock opened at $188.09 on Tuesday. The company has a market cap of $521.21 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. The business has a 50-day simple moving average of $175.98 and a 200 day simple moving average of $150.14.

Oracle (NYSE:ORCL) last issued 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. Oracle’s dividend payout ratio is presently 41.24%.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the business’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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is currently owned by insiders.

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.