Financial Counselors Inc. Buys 3,843 Shares of Oracle Co. (NYSE:ORCL)

Financial Counselors Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 14.4% during the third quarter, Holdings Channel reports. The fund owned 30,534 shares of the enterprise software provider’s stock after acquiring an additional 3,843 shares during the period. Financial Counselors Inc.’s holdings in Oracle were worth $5,203,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Oracle by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,474,912 shares of the enterprise software provider’s stock valued at $1,955,325,000 after acquiring an additional 691,193 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Oracle by 62.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 542,174 shares of the enterprise software provider’s stock valued at $92,386,000 after purchasing an additional 208,100 shares during the last quarter. Fiduciary Trust Co raised its position in Oracle by 8.4% in the 3rd quarter. Fiduciary Trust Co now owns 157,730 shares of the enterprise software provider’s stock worth $26,877,000 after purchasing an additional 12,241 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Oracle by 8.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 418,262 shares of the enterprise software provider’s stock worth $71,272,000 after purchasing an additional 33,612 shares during the last quarter. Finally, First Commonwealth Financial Corp PA boosted its position in Oracle by 2.8% during the third quarter. First Commonwealth Financial Corp PA now owns 8,330 shares of the enterprise software provider’s stock valued at $1,419,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Piper Sandler increased their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Royal Bank of Canada initiated coverage on Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price on the stock. Jefferies Financial Group raised their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Down 4.0 %

ORCL stock opened at $182.70 on Friday. 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 capitalization of $506.27 billion, a P/E ratio of 47.09, a P/E/G ratio of 3.37 and a beta of 1.02. The business has a fifty day moving average price of $177.10 and a 200-day moving average price of $151.11. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Company Profile

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.