Oracle Co. (NYSE:ORCL) is King Luther Capital Management Corp’s 8th Largest Position

King Luther Capital Management Corp decreased its holdings in Oracle Co. (NYSE:ORCL) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,837,883 shares of the enterprise software provider’s stock after selling 36,767 shares during the quarter. Oracle accounts for approximately 2.1% of King Luther Capital Management Corp’s holdings, making the stock its 8th biggest position. King Luther Capital Management Corp owned approximately 0.10% of Oracle worth $483,575,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the second quarter worth approximately $27,000. POM Investment Strategies LLC purchased a new stake in Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle in the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter worth approximately $40,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.0 %

Oracle stock opened at $190.76 on Thursday. The business has a fifty day moving average price of $174.39 and a 200-day moving average price of $148.37. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The stock has a market capitalization of $528.61 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

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, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. JMP Securities increased their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada began coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. Mizuho upped their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. TD Cowen increased their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, 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 report on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $169.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of Oracle 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.