Quarry LP Raises Stock Position in Oracle Co. (NYSE:ORCL)

Quarry LP boosted its stake in Oracle Co. (NYSE:ORCL) by 2,273.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,899 shares of the enterprise software provider’s stock after purchasing an additional 1,819 shares during the period. Quarry LP’s holdings in Oracle were worth $324,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the 2nd quarter valued at $35,000. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at $44,000. Finally, Quest Partners LLC purchased a new position in shares of Oracle during the 2nd quarter valued at $40,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 1.0 %

Shares of ORCL stock opened at $186.24 on Friday. The firm has a market cap of $516.08 billion, a P/E ratio of 48.00, a PEG ratio of 3.37 and a beta of 1.03. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. 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 firm’s 50-day simple moving average is $178.90 and its 200-day simple moving average is $153.32.

Oracle (NYSE:ORCL) last posted 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 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 the consensus estimate of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein lifted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. DA Davidson lifted their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $171.52.

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.