Moisand Fitzgerald Tamayo LLC Boosts Position in Oracle Co. (NYSE:ORCL)

Moisand Fitzgerald Tamayo LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 22.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,050 shares of the enterprise software provider’s stock after buying an additional 737 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Oracle were worth $690,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Contour Asset Management LLC grew its position in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in Oracle by 15.3% in 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 in the last quarter. Goelzer Investment Management Inc. grew its position in Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after acquiring an additional 1,500 shares in the last quarter. GAMMA Investing LLC grew its position in Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after acquiring an additional 7,982 shares in the last quarter. Finally, Edgestream Partners L.P. grew its position in Oracle by 91.7% in the first quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after acquiring an additional 6,587 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Argus increased their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, BMO Capital Markets raised their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Maria Smith sold 6,320 shares of Oracle 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,146,320 shares of company stock worth $164,762,400 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

ORCL stock opened at $175.51 on Friday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $486.35 billion, a price-to-earnings ratio of 45.23, a PEG ratio of 3.29 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The stock’s fifty day moving average is $150.79 and its two-hundred day moving average is $136.43.

Oracle (NYSE:ORCL) last posted 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 company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. On average, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

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.