AustralianSuper Pty Ltd Has $3.12 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

AustralianSuper Pty Ltd reduced its stake in Oracle Co. (NYSE:ORCL) by 49.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,328 shares of the enterprise software provider’s stock after selling 18,112 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Oracle were worth $3,123,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Oracle in the 2nd quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle in the second quarter worth approximately $35,000. Quest Partners LLC bought a new stake in Oracle in the second quarter worth approximately $40,000. Finally, Avondale Wealth Management acquired a new position in Oracle in the third quarter valued at approximately $51,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $167.83 on Friday. The company has a market capitalization of $465.07 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. 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 Co. has a 52-week low of $99.26 and a 52-week high of $178.61. The company has a 50-day simple moving average of $162.81 and a 200 day simple moving average of $141.58.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. On average, research analysts predict 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 paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s payout ratio is presently 41.24%.

Analyst Ratings Changes

Several analysts have recently weighed in on ORCL shares. Evercore ISI lifted their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Mizuho lifted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Citigroup increased their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. TD Cowen boosted their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Bank of America increased their price target on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

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.