Oracle Co. (NYSE:ORCL) Shares Bought by Maple Capital Management Inc.

Maple Capital Management Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,493 shares of the enterprise software provider’s stock after buying an additional 129 shares during the quarter. Maple Capital Management Inc.’s holdings in Oracle were worth $766,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle in the 1st quarter valued at $38,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the 1st quarter valued at $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. JMP Securities increased their target price on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday. DA Davidson increased their target price on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Evercore ISI increased their target price on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 completion of the sale, 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 SEC, which is available through the SEC website. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Up 0.7 %

ORCL stock opened at $175.00 on Tuesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The company has a fifty day moving average of $157.11 and a 200-day moving average of $139.02. The stock has a market capitalization of $482.28 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

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.