Temasek Holdings Private Ltd Buys Shares of 105,150 Oracle Co. (NYSE:ORCL)

Temasek Holdings Private Ltd purchased a new position in Oracle Co. (NYSE:ORCL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 105,150 shares of the enterprise software provider’s stock, valued at approximately $17,918,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the last quarter. Cadence Bank raised its holdings in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after acquiring an additional 59 shares during the last quarter. Eagle Rock Investment Company LLC lifted its position in Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after acquiring an additional 64 shares in the last quarter. W Advisors LLC boosted its stake in Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after purchasing an additional 64 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings 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 worth $674,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $186.24 on Friday. The firm has a market cap of $516.08 billion, a P/E ratio of 48.00, a PEG ratio of 3.37 and a beta of 1.03. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04. The company has a 50 day simple moving average of $178.90 and a two-hundred day simple moving average of $153.32. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last issued its earnings results 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 company 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%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Citigroup increased their price objective on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, Barclays lifted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the 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 completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.