Weaver Capital Management LLC Acquires 1,790 Shares of Oracle Co. (NYSE:ORCL)

Weaver Capital Management LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,063 shares of the enterprise software provider’s stock after purchasing an additional 1,790 shares during the period. Oracle comprises approximately 1.4% of Weaver Capital Management LLC’s holdings, making the stock its 11th biggest position. Weaver Capital Management LLC’s holdings in Oracle were worth $4,782,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 buying an additional 1,514,569 shares in the last quarter. Capital World Investors increased its stake in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after purchasing an additional 82,551 shares in the last quarter. Legal & General Group Plc raised its position in shares of Oracle by 2.3% during the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after purchasing an additional 296,866 shares during the period. Janus Henderson Group PLC boosted its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after acquiring an additional 424,500 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

ORCL opened at $175.33 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The firm has a 50 day moving average of $157.93 and a two-hundred day moving average of $139.38. The firm has a market capitalization of $485.85 billion, a PE ratio of 45.19, a P/E/G ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Barclays boosted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Evercore ISI raised their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group increased their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by corporate 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.