Oracle Co. (NYSE:ORCL) Holdings Boosted by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. boosted its holdings in Oracle Co. (NYSE:ORCL) by 3.0% during the third quarter, HoldingsChannel.com reports. The fund owned 644,079 shares of the enterprise software provider’s stock after acquiring an additional 19,020 shares during the period. Oracle accounts for about 1.6% of Comgest Global Investors S.A.S.’s portfolio, making the stock its 17th biggest position. Comgest Global Investors S.A.S.’s holdings in Oracle were worth $109,751,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the second quarter worth approximately $35,000. Reston Wealth Management LLC bought a new stake in Oracle during the third quarter worth approximately $44,000. Finally, Quest Partners LLC bought a new stake in Oracle during the second quarter worth approximately $40,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ORCL shares. 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. UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Jefferies Financial Group lifted their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Piper Sandler lifted their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley lifted their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research 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. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.8 %

Shares of ORCL stock traded down $3.31 on Friday, hitting $183.74. The company’s stock had a trading volume of 8,986,276 shares, compared to its average volume of 8,256,067. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.77. The firm’s fifty day moving average price is $172.14 and its 200-day moving average price is $146.60. The stock has a market capitalization of $509.15 billion, a price-to-earnings ratio of 47.35, a P/E/G ratio of 3.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 yield of 0.87%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is 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.