Plato Investment Management Ltd Increases Stake in Oracle Co. (NYSE:ORCL)

Plato Investment Management Ltd boosted its stake in Oracle Co. (NYSE:ORCL) by 8.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,600 shares of the enterprise software provider’s stock after purchasing an additional 2,726 shares during the quarter. Plato Investment Management Ltd’s holdings in Oracle were worth $6,230,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle in the 1st quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle 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 directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. Morgan Stanley boosted their price objective 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. Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup upped their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets raised their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Up 0.0 %

Shares of Oracle stock opened at $189.62 on Thursday. 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 business has a 50-day moving average price of $169.43 and a 200 day moving average price of $145.54. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The firm has a market cap of $525.45 billion, a P/E ratio of 48.87, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business 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 business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. On average, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

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.