Oracle Co. (NYSE:ORCL) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its position in Oracle Co. (NYSE:ORCL) by 37.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,430 shares of the enterprise software provider’s stock after acquiring an additional 3,680 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Oracle were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Eagle Rock Investment Company LLC increased its stake in shares of Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares in the last quarter. W Advisors LLC raised its holdings in shares of Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the period. Versant Capital Management Inc grew its stake in shares of Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the period. Oak Ridge Investments LLC boosted its stake in Oracle by 3.9% during the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after buying an additional 65 shares during the period. Finally, Trust Point Inc. boosted its holdings in Oracle by 0.5% during the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after acquiring an additional 66 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Sanford C. Bernstein increased their price target on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada initiated coverage on shares of Oracle in a report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Up 1.1 %

NYSE ORCL opened at $192.81 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04. The business has a 50 day moving average price of $175.02 and a two-hundred day moving average price of $148.68. The stock has a market cap of $534.29 billion, a PE ratio of 49.69, a P/E/G ratio of 3.48 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the business earned $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

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.