Oracle Co. (NYSE:ORCL) Position Boosted by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. lifted its stake in Oracle Co. (NYSE:ORCL) by 1.2% in the third quarter, Holdings Channel.com reports. The firm owned 106,550 shares of the enterprise software provider’s stock after acquiring an additional 1,253 shares during the quarter. Oracle comprises 2.0% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 17th largest holding. Richard C. Young & CO. LTD.’s holdings in Oracle were worth $18,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ORCL. Janus Henderson Group PLC grew its stake in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. lifted its stake in shares of Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after purchasing an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its holdings in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $183.74 on Monday. The stock’s 50 day moving average price is $172.14 and its two-hundred day moving average price is $147.06. 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 firm has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.36, a P/E/G ratio of 3.39 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $191.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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 business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share. On average, analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company 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 of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio is 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Morgan Stanley raised their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. JMP Securities boosted their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada began coverage on shares of Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle 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.