Oracle Co. (NYSE:ORCL) Shares Sold by Roanoke Asset Management Corp NY

Roanoke Asset Management Corp NY lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 54,616 shares of the enterprise software provider’s stock after selling 129 shares during the period. Oracle accounts for 2.9% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 10th largest holding. Roanoke Asset Management Corp NY’s holdings in Oracle were worth $9,307,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Eagle Rock Investment Company LLC boosted its stake in shares of Oracle by 0.4% during the 3rd 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 during the last quarter. W Advisors LLC lifted 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 boosted its position in shares of Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after acquiring an additional 65 shares during the last quarter. Oak Ridge Investments LLC boosted its position in shares of Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 65 shares during the last quarter. Finally, Trust Point Inc. boosted its position in shares of Oracle by 0.5% in the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock opened at $170.02 on Friday. The company has a market capitalization of $471.14 billion, a P/E ratio of 43.82, a PEG ratio of 3.22 and a beta of 1.01. The company has a 50-day simple moving average of $163.43 and a 200 day simple moving average of $141.93. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. 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 (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 net margin of 20.40% and a return on equity of 171.38%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. JMP Securities raised their target price on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. KeyCorp raised their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, UBS Group restated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

About Oracle

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.