Oracle Co. (NYSE:ORCL) Shares Acquired by TCW Group Inc.

TCW Group Inc. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,124 shares of the enterprise software provider’s stock after purchasing an additional 3,333 shares during the period. TCW Group Inc.’s holdings in Oracle were worth $18,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC purchased a new position in Oracle in the 2nd quarter valued at $30,000. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter worth $44,000. Quest Partners LLC purchased a new stake in shares of Oracle during the second quarter worth $40,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle in the third quarter valued at about $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ORCL. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Barclays boosted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Twelve research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.48.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’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 completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 6.7 %

NYSE ORCL opened at $177.74 on Wednesday. Oracle Co. has a one year low of $99.26 and a one year high of $198.31. The firm has a 50 day simple moving average of $179.76 and a 200-day simple moving average of $154.67. The firm has a market cap of $492.53 billion, a price-to-earnings ratio of 45.81, a PEG 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 (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. Equities research analysts anticipate that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, January 9th. Oracle’s payout ratio is presently 41.24%.

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.