Sustainable Insight Capital Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

Sustainable Insight Capital Management LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,300 shares of the enterprise software provider’s stock, valued at approximately $222,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Oracle during the 1st quarter worth approximately $1,669,000. WealthPLAN Partners LLC increased its stake in Oracle by 71.8% during the first quarter. WealthPLAN Partners LLC now owns 3,425 shares of the enterprise software provider’s stock worth $430,000 after acquiring an additional 1,431 shares during the last quarter. NorthRock Partners LLC raised its position in Oracle by 24.1% in the first quarter. NorthRock Partners LLC now owns 16,593 shares of the enterprise software provider’s stock valued at $2,084,000 after purchasing an additional 3,221 shares during the period. Meeder Advisory Services Inc. lifted its stake in shares of Oracle by 3.8% in the 1st quarter. Meeder Advisory Services Inc. now owns 26,149 shares of the enterprise software provider’s stock valued at $3,285,000 after purchasing an additional 953 shares during the last quarter. Finally, Comgest Global Investors S.A.S. grew its holdings in shares of Oracle by 6.2% during the 1st quarter. Comgest Global Investors S.A.S. now owns 643,812 shares of the enterprise software provider’s stock worth $80,869,000 after purchasing an additional 37,306 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 1.5 %

NYSE ORCL opened at $189.25 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $190.16. The firm has a 50-day moving average price of $167.47 and a 200 day moving average price of $144.10. The stock has a market capitalization of $524.42 billion, a P/E ratio of 48.78, a P/E/G ratio of 3.34 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 (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating 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 business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the firm earned $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid 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 0.85%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Piper Sandler boosted their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Bank of America boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Guggenheim increased their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Mizuho upped their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the business’s 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.