Romano Brothers AND Company Acquires 1,498 Shares of Oracle Co. (NYSE:ORCL)

Romano Brothers AND Company grew its stake in shares of Oracle Co. (NYSE:ORCL) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,227 shares of the enterprise software provider’s stock after acquiring an additional 1,498 shares during the period. Oracle accounts for approximately 1.1% of Romano Brothers AND Company’s portfolio, making the stock its 15th largest holding. Romano Brothers AND Company’s holdings in Oracle were worth $8,899,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in shares of Oracle by 148.8% in the first 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 acquiring an additional 7,699,141 shares during the period. PineStone Asset Management Inc. grew its stake in 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 worth $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Oracle by 97.4% in the 1st 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 buying an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC raised its position 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 valued at $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd lifted 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 worth $219,224,000 after acquiring an additional 1,526,500 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $173.10 on Thursday. The company’s 50-day moving average is $158.68 and its 200 day moving average is $139.61. The company has a market capitalization of $479.67 billion, a price-to-earnings ratio of 44.61, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last issued its 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 return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio is presently 41.24%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ORCL shares. Guggenheim lifted their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Morgan Stanley increased their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Jefferies Financial Group increased their target price on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, JMP Securities boosted 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. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.