Borer Denton & Associates Inc. Boosts Stake in Oracle Co. (NYSE:ORCL)

Borer Denton & Associates Inc. boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,834 shares of the enterprise software provider’s stock after purchasing an additional 125 shares during the period. Oracle comprises about 3.3% of Borer Denton & Associates Inc.’s investment portfolio, making the stock its 13th biggest position. Borer Denton & Associates Inc.’s holdings in Oracle were worth $9,684,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management boosted its stake in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares in the last quarter. Eagle Rock Investment Company LLC lifted its stake in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares during the period. W Advisors LLC grew its holdings in shares of Oracle by 3.1% during the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after acquiring an additional 65 shares during the period. Finally, Oak Ridge Investments LLC lifted its position in Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 65 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup raised their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Mizuho lifted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada assumed coverage on Oracle in a research report 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 given a buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Trading Down 0.1 %

Shares of ORCL stock opened at $192.29 on Friday. 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 Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The company’s 50-day moving average price is $175.62 and its 200-day moving average price is $149.41. The stock has a market cap of $532.85 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 3.55 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for 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%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Activity

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 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 approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.