Oracle Co. (NYSE:ORCL) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in Oracle Co. (NYSE:ORCL) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,820 shares of the enterprise software provider’s stock after purchasing an additional 10,163 shares during the quarter. QRG Capital Management Inc.’s holdings in Oracle were worth $29,449,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ORCL. Eagle Rock Investment Company LLC boosted its holdings in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after acquiring an additional 64 shares during the period. W Advisors LLC boosted its holdings in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after acquiring an additional 64 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Oracle by 1.7% during the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after acquiring an additional 65 shares during the period. Oak Ridge Investments LLC boosted its holdings in shares of Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after acquiring an additional 65 shares during the period. Finally, Trust Point Inc. raised its stake in shares of Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL traded down $0.11 on Monday, hitting $169.91. The company had a trading volume of 441,765 shares, compared to its average volume of 8,265,656. The company’s fifty day moving average price is $163.43 and its 200 day moving average price is $142.24. Oracle Co. has a 1-year low of $99.26 and a 1-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 has a market cap of $470.83 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 3.09 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company earned $0.95 EPS. The company’s revenue for the quarter 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 Announces Dividend

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. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ORCL shares. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Guggenheim lifted their price objective on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Mizuho lifted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Royal Bank of Canada started coverage on shares of Oracle in a research report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target on the stock. Finally, Evercore ISI boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.