Oppenheimer & Co. Inc. Has $10.65 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Oppenheimer & Co. Inc. raised its position in Oracle Co. (NYSE:ORCL) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,522 shares of the enterprise software provider’s stock after acquiring an additional 2,509 shares during the period. Oppenheimer & Co. Inc.’s holdings in Oracle were worth $10,654,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. Capital World Investors boosted its stake in Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after buying an additional 82,551 shares in the last quarter. Legal & General Group Plc boosted its stake in Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Oracle by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after purchasing an additional 424,500 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. KeyCorp lifted their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Royal Bank of Canada started coverage on Oracle in a report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target for the company. DA Davidson increased their price objective on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Evercore ISI boosted their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by insiders.

Oracle Price Performance

ORCL opened at $189.62 on Thursday. The company has a fifty day simple moving average of $169.43 and a 200 day simple moving average of $145.54. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $525.45 billion, a P/E ratio of 48.87, a P/E/G ratio of 3.49 and a beta of 1.02. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 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.