Oracle Co. (NYSE:ORCL) Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 267,394 shares of the enterprise software provider’s stock after buying an additional 31,274 shares during the quarter. Oracle comprises about 1.4% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 10th biggest position. NorthCrest Asset Manangement LLC’s holdings in Oracle were worth $45,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its position in shares of Oracle by 65.4% during the third quarter. Arkadios Wealth Advisors now owns 20,816 shares of the enterprise software provider’s stock worth $3,547,000 after acquiring an additional 8,234 shares in the last quarter. Forsta AP Fonden grew its holdings in Oracle by 11.5% during the third quarter. Forsta AP Fonden now owns 416,500 shares of the enterprise software provider’s stock worth $70,972,000 after buying an additional 43,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Oracle by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 317,183 shares of the enterprise software provider’s stock valued at $53,521,000 after acquiring an additional 7,051 shares in the last quarter. Osborne Partners Capital Management LLC boosted its holdings in Oracle by 4.8% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 8,810 shares of the enterprise software provider’s stock worth $1,501,000 after acquiring an additional 400 shares during the last quarter. Finally, Middleton & Co. Inc. MA grew its stake in shares of Oracle by 12.2% in the 3rd quarter. Middleton & Co. Inc. MA now owns 4,157 shares of the enterprise software provider’s stock worth $708,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ORCL. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Mizuho lifted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. KeyCorp boosted their target price on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Trading Down 0.5 %

NYSE ORCL traded down $0.86 during trading on Friday, hitting $173.52. The company had a trading volume of 3,674,717 shares, compared to its average volume of 8,360,906. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. 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 company’s fifty day moving average is $160.15 and its 200-day moving average is $140.20. The company has a market cap of $478.20 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 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.