Oracle Co. (NYSE:ORCL) Position Raised by Principal Street Partners LLC

Principal Street Partners LLC raised its position in shares of Oracle Co. (NYSE:ORCL) by 16.8% in the third quarter, HoldingsChannel reports. The firm owned 1,908 shares of the enterprise software provider’s stock after acquiring an additional 274 shares during the period. Principal Street Partners LLC’s holdings in Oracle were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

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

Oracle Stock Performance

NYSE:ORCL opened at $190.36 on Wednesday. The firm has a 50-day moving average price of $176.44 and a 200 day moving average price of $150.66. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The firm has a market capitalization of $527.49 billion, a PE ratio of 49.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.02. 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 announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORCL. KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. 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 note on Monday, September 16th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. Finally, Sanford C. Bernstein increased their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Eleven research 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle 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.