Vinva Investment Management Ltd Reduces Holdings in Oracle Co. (NYSE:ORCL)

Vinva Investment Management Ltd cut its position in Oracle Co. (NYSE:ORCL) by 8.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,641 shares of the enterprise software provider’s stock after selling 5,365 shares during the quarter. Vinva Investment Management Ltd’s holdings in Oracle were worth $10,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle during the second quarter worth approximately $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $35,000. Reston Wealth Management LLC acquired a new position in Oracle in the third quarter worth about $44,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $182.76 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The stock has a market capitalization of $506.44 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 3.46 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock’s fifty day simple moving average is $176.80 and its 200 day simple moving average is $150.89.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. Piper Sandler upped their price target on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Bank of America lifted their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

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.