Swiss National Bank Has $837.23 Million Holdings in Oracle Co. (NYSE:ORCL)

Swiss National Bank grew its stake in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,913,300 shares of the enterprise software provider’s stock after purchasing an additional 30,700 shares during the quarter. Oracle makes up 0.5% of Swiss National Bank’s investment portfolio, making the stock its 25th largest position. Swiss National Bank’s holdings in Oracle were worth $837,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle in the first quarter valued at approximately $38,000. Finally, Quest Partners LLC bought a new position in Oracle in the second quarter valued at approximately $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 1.8 %

NYSE:ORCL opened at $183.74 on Friday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $509.15 billion, a price-to-earnings ratio of 47.36, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The firm has a 50-day moving average price of $172.14 and a two-hundred day moving average price of $146.83.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating 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 net margin of 20.40% and a return on equity of 171.38%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. On average, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid 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 0.87%. Oracle’s payout ratio is currently 41.24%.

Insider Transactions at Oracle

In other 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 in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. JMP Securities lifted their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. Finally, Mizuho upped their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

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.