Menard Financial Group LLC Makes New $231,000 Investment in Oracle Co. (NYSE:ORCL)

Menard Financial Group LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,353 shares of the enterprise software provider’s stock, valued at approximately $231,000.

Several other large investors have also made changes to their positions in ORCL. Principal Financial Group Inc. increased its stake 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 worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of Oracle during the 3rd quarter valued at about $4,160,000. Oppenheimer Asset Management Inc. lifted its holdings in Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares during the last quarter. Finally, Miura Global Management LLC acquired a new position in Oracle during the third quarter valued at approximately $1,704,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORCL. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised 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. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $182.89 on Wednesday. The company has a fifty day moving average price of $178.10 and a 200 day moving average price of $152.85. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The firm has a market cap of $506.80 billion, a PE ratio of 47.14, a PEG ratio of 3.34 and a beta of 1.03. The company has a current ratio of 0.72, a quick 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. Research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s dividend payout ratio is 41.24%.

Oracle Company 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.