Oracle Co. (NYSE:ORCL) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in Oracle Co. (NYSE:ORCL) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,949 shares of the enterprise software provider’s stock after purchasing an additional 1,713 shares during the quarter. Oracle comprises 0.7% of Crossmark Global Holdings Inc.’s holdings, making the stock its 18th largest position. Crossmark Global Holdings Inc.’s holdings in Oracle were worth $40,546,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new position in Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Oracle in the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORCL. JMP Securities lifted their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Morgan Stanley increased their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Bank of America increased their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets lifted their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle Price Performance

ORCL traded up $2.88 during trading on Friday, reaching $189.25. The stock had a trading volume of 8,520,419 shares, compared to its average volume of 5,643,102. The stock has a 50 day moving average of $167.47 and a two-hundred day moving average of $144.10. The firm has a market capitalization of $524.42 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $190.16.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.85%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on 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 approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

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.