Arlington Partners LLC Buys 4,497 Shares of Oracle Co. (NYSE:ORCL)

Arlington Partners LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 19.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,437 shares of the enterprise software provider’s stock after purchasing an additional 4,497 shares during the period. Oracle accounts for approximately 1.8% of Arlington Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Arlington Partners LLC’s holdings in Oracle were worth $4,675,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter valued at about $35,000. Alaska Permanent Fund Corp acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle in the first quarter valued at approximately $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ORCL shares. Guggenheim upped their target price on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. TD Cowen upped their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. BMO Capital Markets raised their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Stock Down 0.5 %

Shares of NYSE ORCL traded down $0.87 during mid-day trading on Monday, reaching $173.82. 859,744 shares of the company’s stock traded hands, compared to its average volume of 8,422,999. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day simple moving average of $156.29 and a 200 day simple moving average of $138.67. The stock has a market cap of $481.67 billion, a P/E ratio of 44.94, a PEG ratio of 3.25 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61.

Oracle (NYSE:ORCL) last released its quarterly 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 during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. On average, analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were 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 in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 42.20% of the company’s stock.

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.