Oracle Co. (NYSE:ORCL) Shares Purchased by Umpqua Bank

Umpqua Bank lifted its stake in Oracle Co. (NYSE:ORCL) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,572 shares of the enterprise software provider’s stock after purchasing an additional 69 shares during the quarter. Umpqua Bank’s holdings in Oracle were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Benchmark Financial Wealth Advisors LLC purchased a new position in Oracle in the third quarter worth approximately $378,000. Radnor Capital Management LLC grew its position in Oracle by 7.8% in the third quarter. Radnor Capital Management LLC now owns 7,703 shares of the enterprise software provider’s stock worth $1,313,000 after acquiring an additional 555 shares during the period. Leslie Global Wealth LLC grew its position in Oracle by 46.9% in the third quarter. Leslie Global Wealth LLC now owns 6,201 shares of the enterprise software provider’s stock worth $1,057,000 after acquiring an additional 1,981 shares during the period. Catalina Capital Group LLC grew its position in Oracle by 23.3% in the third quarter. Catalina Capital Group LLC now owns 12,704 shares of the enterprise software provider’s stock worth $2,165,000 after acquiring an additional 2,397 shares during the period. Finally, Balentine LLC grew its position in Oracle by 251.4% in the third quarter. Balentine LLC now owns 6,226 shares of the enterprise software provider’s stock worth $1,061,000 after acquiring an additional 4,454 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 4.4 %

Oracle stock traded up $7.51 during midday trading on Wednesday, reaching $179.29. The company’s stock had a trading volume of 1,744,988 shares, compared to its average volume of 8,239,991. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $179.59. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $496.82 billion, a P/E ratio of 44.28, a P/E/G ratio of 3.13 and a beta of 1.02. The business has a 50-day simple moving average of $164.71 and a 200-day simple moving average of $143.02.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 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 for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Transactions at Oracle

In related 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 transaction of $1,042,800.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ORCL. KeyCorp increased their price objective on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley raised their price target on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

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.