Oracle Co. (NYSE:ORCL) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 17.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,986 shares of the enterprise software provider’s stock after buying an additional 1,464 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Oracle were worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. BlackRock Inc. increased its holdings in shares of Oracle by 3.0% during the 2nd quarter. BlackRock Inc. now owns 120,625,641 shares of the enterprise software provider’s stock worth $14,365,308,000 after buying an additional 3,494,674 shares during the last quarter. State Street Corp increased its stake in Oracle by 1.5% during the second quarter. State Street Corp now owns 63,514,823 shares of the enterprise software provider’s stock worth $7,563,980,000 after acquiring an additional 928,013 shares during the last quarter. Geode Capital Management LLC raised its position in Oracle by 4.9% in the second quarter. Geode Capital Management LLC now owns 29,109,414 shares of the enterprise software provider’s stock valued at $3,456,828,000 after purchasing an additional 1,355,636 shares during the period. Morgan Stanley lifted its stake in shares of Oracle by 9.6% in the 4th quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after purchasing an additional 1,794,080 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Oracle by 3.4% during the 2nd quarter. Fisher Asset Management LLC now owns 18,537,261 shares of the enterprise software provider’s stock worth $2,207,602,000 after purchasing an additional 614,945 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ORCL shares. Evercore ISI decreased their target price on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 12th. Morgan Stanley decreased their price objective on shares of Oracle from $107.00 to $106.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 12th. BMO Capital Markets dropped their target price on shares of Oracle from $130.00 to $126.00 and set a “market perform” rating for the company in a report on Tuesday, December 12th. Wolfe Research decreased their price target on Oracle from $140.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 12th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

View Our Latest Research Report on ORCL

Oracle Price Performance

Shares of ORCL opened at $116.64 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 18.84. The firm’s fifty day simple moving average is $108.94 and its 200-day simple moving average is $111.49. The firm has a market capitalization of $320.63 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.23 and a beta of 1.02. Oracle Co. has a twelve month low of $82.04 and a twelve month high of $127.54.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings results on Monday, December 11th. The enterprise software provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.01. Oracle had a return on equity of 703.26% and a net margin of 19.64%. The company had revenue of $12.94 billion during the quarter, compared to the consensus estimate of $13.05 billion. During the same period in the previous year, the business earned $1.21 EPS. Oracle’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 4.45 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio is currently 44.20%.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 16,300 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $106.02, for a total value of $1,728,126.00. Following the transaction, the director now directly owns 34,771 shares of the company’s stock, valued at approximately $3,686,421.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Naomi O. Seligman sold 16,300 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $106.02, for a total value of $1,728,126.00. Following the completion of the sale, the director now directly owns 34,771 shares of the company’s stock, valued at approximately $3,686,421.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George H. Conrades sold 2,325 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $113.76, for a total value of $264,492.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,029,023.36. The disclosure for this sale can be found here. 42.80% of the stock is owned by corporate insiders.

Oracle Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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