GAM Holding AG Has $36.19 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

GAM Holding AG increased its position in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,379 shares of the enterprise software provider’s stock after acquiring an additional 2,496 shares during the quarter. Oracle comprises 2.9% of GAM Holding AG’s holdings, making the stock its 7th biggest position. GAM Holding AG’s holdings in Oracle were worth $36,189,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ORCL. Affinity Capital Advisors LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $204,000. Atlas Capital Advisors LLC grew its position in Oracle by 3.9% during the 1st quarter. Atlas Capital Advisors LLC now owns 8,326 shares of the enterprise software provider’s stock worth $1,046,000 after purchasing an additional 310 shares during the last quarter. Sunbelt Securities Inc. grew its position in Oracle by 4.8% during the 1st quarter. Sunbelt Securities Inc. now owns 7,758 shares of the enterprise software provider’s stock worth $974,000 after purchasing an additional 357 shares during the last quarter. RMR Wealth Builders purchased a new stake in Oracle during the 1st quarter worth approximately $349,000. Finally, Brookstone Capital Management grew its position in Oracle by 13.1% during the 1st quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock worth $2,592,000 after purchasing an additional 2,383 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $175.33 on Wednesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average of $157.93 and a two-hundred day moving average of $139.38. The stock 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 Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61.

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

Oracle Announces Dividend

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

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ORCL shares. UBS Group reissued a “market outperform” rating on shares of Oracle in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Guggenheim boosted their target price 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. Bank of America upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, BMO Capital Markets upped their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle 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.