Greenleaf Trust Acquires 2,403 Shares of Oracle Co. (NYSE:ORCL)

Greenleaf Trust grew its holdings in Oracle Co. (NYSE:ORCL) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,744 shares of the enterprise software provider’s stock after acquiring an additional 2,403 shares during the quarter. Greenleaf Trust’s holdings in Oracle were worth $12,396,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle during the first quarter worth about $38,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the first quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Guggenheim raised their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. TD Cowen raised their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE ORCL traded down $0.27 during midday trading on Wednesday, hitting $175.04. The company had a trading volume of 617,385 shares, compared to its average volume of 8,386,996. The company has a market capitalization of $485.05 billion, a PE ratio of 45.19, a P/E/G ratio of 3.22 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a 50-day moving average price of $157.93 and a 200-day moving average price of $139.38. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

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

Oracle Dividend Announcement

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

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.