State of Alaska Department of Revenue Boosts Stake in Oracle Co. (NYSE:ORCL)

State of Alaska Department of Revenue boosted its holdings in Oracle Co. (NYSE:ORCL) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 185,718 shares of the enterprise software provider’s stock after acquiring an additional 12,280 shares during the quarter. State of Alaska Department of Revenue’s holdings in Oracle were worth $31,646,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle during the second quarter worth $35,000. Quest Partners LLC acquired a new stake in Oracle in the second quarter valued at $40,000. Finally, Avondale Wealth Management purchased a new position in shares of Oracle in the third quarter valued at $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ORCL. Jefferies Financial Group boosted their price objective on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. TD Cowen upped their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Citigroup raised their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Sanford C. Bernstein upped their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.80% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of Oracle stock opened at $173.52 on Friday. The stock has a market capitalization of $478.20 billion, a P/E ratio of 46.77, a PEG ratio of 3.23 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 business’s fifty day moving average price is $160.15 and its 200 day moving average price is $140.31. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business 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 business earned $0.95 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s payout ratio is 43.13%.

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.