Bard Financial Services Inc. lowered its holdings in Oracle Co. (NYSE:ORCL – Free Report) by 58.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,250 shares of the enterprise software provider’s stock after selling 38,330 shares during the quarter. Bard Financial Services Inc.’s holdings in Oracle were worth $4,643,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Oracle by 15.3% in 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 purchasing an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Oracle in the 3rd quarter valued at about $4,160,000. Oppenheimer Asset Management Inc. raised its stake in shares of Oracle by 79.6% during 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, Miura Global Management LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $1,704,000. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Performance
Shares of NYSE ORCL opened at $178.88 on Wednesday. The company’s fifty day moving average price is $179.76 and its 200 day moving average price is $154.67. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $198.31. The company has a market capitalization of $495.69 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is presently 41.24%.
Insiders Place Their Bets
In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms recently commented on ORCL. UBS Group boosted their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Morgan Stanley boosted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Finally, Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.48.
Read Our Latest Stock Analysis on Oracle
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.
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