Realta Investment Advisors Acquires 1,740 Shares of Oracle Co. (NYSE:ORCL)

Realta Investment Advisors lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 54.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,955 shares of the enterprise software provider’s stock after purchasing an additional 1,740 shares during the period. Realta Investment Advisors’ holdings in Oracle were worth $873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. Capital World Investors grew its holdings in Oracle by 0.4% during the first 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 position in 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 worth $1,869,816,000 after buying an additional 296,866 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Oracle by 6.2% during the 2nd 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 buying an additional 424,500 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. Bank of America boosted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein boosted their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. KeyCorp boosted their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Trading Up 1.3 %

NYSE:ORCL traded up $2.18 during trading hours on Friday, reaching $170.02. The company’s stock had a trading volume of 5,680,595 shares, compared to its average volume of 8,302,456. The firm has a 50-day simple moving average of $163.43 and a 200-day simple moving average of $141.93. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The firm has a market capitalization of $471.14 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is currently 41.24%.

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.