GLOBALT Investments LLC GA Purchases New Position in Oracle Co. (NYSE:ORCL)

GLOBALT Investments LLC GA acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,680 shares of the enterprise software provider’s stock, valued at approximately $1,990,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the period. Itau Unibanco Holding S.A. boosted its position in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp purchased a new position in shares of Oracle in the 3rd quarter valued at $4,160,000. Oppenheimer Asset Management Inc. raised its position in shares of Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after acquiring an additional 126,985 shares in the last quarter. Finally, Buckley Wealth Management LLC lifted its stake in shares of Oracle by 63.8% during the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after purchasing an additional 2,870 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Evercore ISI increased their target price 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. Guggenheim lifted their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Up 1.1 %

Shares of ORCL opened at $185.75 on Tuesday. The company has a market capitalization of $514.72 billion, a price-to-earnings ratio of 47.87, a PEG 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 stock’s 50-day moving average price is $173.06 and its 200-day moving average price is $147.56. 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 (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted $0.95 EPS. On average, sell-side analysts predict that Oracle Co. will post 5 EPS 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 was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.86%. Oracle’s dividend payout ratio is presently 41.24%.

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.