Focused Investors LLC Has $184.77 Million Stake in Oracle Co. (NYSE:ORCL)

Focused Investors LLC trimmed its stake in Oracle Co. (NYSE:ORCL) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,084,300 shares of the enterprise software provider’s stock after selling 20,400 shares during the period. Oracle makes up approximately 5.6% of Focused Investors LLC’s portfolio, making the stock its 6th biggest holding. Focused Investors LLC’s holdings in Oracle were worth $184,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Oracle by 5.3% during 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 during the last quarter. Itau Unibanco Holding S.A. grew its position in Oracle by 15.3% during the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after acquiring an additional 3,300 shares during the last quarter. Chase Investment Counsel Corp bought a new position in Oracle during the third quarter valued at approximately $4,160,000. Oppenheimer Asset Management Inc. raised its stake in shares of Oracle by 79.6% during the third 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, Buckley Wealth Management LLC boosted its stake in shares of Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after purchasing an additional 2,870 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’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 completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.8 %

NYSE:ORCL opened at $183.74 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50-day moving average price is $172.14 and its 200-day moving average price is $146.83. The company has a market capitalization of $509.15 billion, a PE ratio of 47.36, a P/E/G ratio of 3.39 and a beta of 1.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORCL shares. DA Davidson lifted their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Guggenheim boosted their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. increased their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Piper Sandler lifted their price target on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus 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.