Oracle Co. (NYSE:ORCL) Position Decreased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd reduced its holdings in Oracle Co. (NYSE:ORCL) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,142 shares of the enterprise software provider’s stock after selling 3,926 shares during the quarter. Oracle accounts for 0.6% of Gulf International Bank UK Ltd’s holdings, making the stock its 26th biggest position. Gulf International Bank UK Ltd’s holdings in Oracle were worth $22,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle in the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter valued at $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ORCL. Mizuho boosted 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. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday. Jefferies Financial Group lifted their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Guggenheim boosted their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Down 0.3 %

NYSE:ORCL opened at $169.59 on Tuesday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The stock has a 50-day moving average price of $164.04 and a two-hundred day moving average price of $142.62. The stock has a market cap of $469.94 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 3.13 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend 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.