Zurcher Kantonalbank Zurich Cantonalbank Purchases 33,612 Shares of Oracle Co. (NYSE:ORCL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Oracle Co. (NYSE:ORCL) by 8.7% during the third quarter, HoldingsChannel reports. The fund owned 418,262 shares of the enterprise software provider’s stock after buying an additional 33,612 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oracle were worth $71,272,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. Cadence Bank boosted its stake in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares during the period. Eagle Rock Investment Company LLC increased its holdings in Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the period. W Advisors LLC lifted its stake in Oracle by 3.1% in the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 4.0 %

ORCL opened at $182.76 on Thursday. Oracle Co. has a one year low of $99.26 and a one year high of $196.04. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50 day simple moving average of $176.80 and a two-hundred day simple moving average of $150.89. The firm has a market capitalization of $506.44 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 3.46 and a beta of 1.02.

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

Oracle Announces Dividend

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ORCL shares. Jefferies Financial Group increased their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, September 16th. Barclays boosted their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. KeyCorp lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

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.