Oracle Co. (NYSE:ORCL) Shares Bought by Circle Wealth Management LLC

Circle Wealth Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 45.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,775 shares of the enterprise software provider’s stock after purchasing an additional 10,836 shares during the quarter. Circle Wealth Management LLC’s holdings in Oracle were worth $5,926,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PineStone Asset Management Inc. raised its holdings in Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after acquiring an additional 2,219,450 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after purchasing an additional 2,052,275 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after purchasing an additional 1,526,500 shares during the last quarter. Swedbank AB grew its stake in shares of Oracle by 123.7% during the second quarter. Swedbank AB now owns 2,645,920 shares of the enterprise software provider’s stock worth $373,604,000 after purchasing an additional 1,462,978 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Oracle by 459.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,235,859 shares of the enterprise software provider’s stock valued at $174,503,000 after buying an additional 1,014,959 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.3 %

NYSE ORCL opened at $185.01 on Friday. The firm has a market capitalization of $512.67 billion, a PE ratio of 47.68, a price-to-earnings-growth ratio of 3.37 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $196.04. The company has a 50-day simple moving average of $177.45 and a 200-day simple moving average of $151.58. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. TD Cowen increased their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. Evercore ISI lifted their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets upped their price objective 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. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s 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 transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

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.