Osborne Partners Capital Management LLC Acquires 400 Shares of Oracle Co. (NYSE:ORCL)

Osborne Partners Capital Management LLC grew its stake in Oracle Co. (NYSE:ORCL) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,810 shares of the enterprise software provider’s stock after buying an additional 400 shares during the period. Osborne Partners Capital Management LLC’s holdings in Oracle were worth $1,501,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Brookstone Capital Management increased its stake in shares of Oracle by 13.1% in the first quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock worth $2,592,000 after purchasing an additional 2,383 shares during the period. Transform Wealth LLC acquired a new stake in shares of Oracle in the first quarter worth $201,000. OneAscent Financial Services LLC raised its stake in Oracle by 19.7% during the 1st quarter. OneAscent Financial Services LLC now owns 4,857 shares of the enterprise software provider’s stock valued at $610,000 after purchasing an additional 799 shares during the last quarter. First Dallas Securities Inc. boosted its holdings in Oracle by 15.0% in the 1st quarter. First Dallas Securities Inc. now owns 2,300 shares of the enterprise software provider’s stock valued at $289,000 after purchasing an additional 300 shares during the period. Finally, Burns J W & Co. Inc. NY acquired a new stake in Oracle in the 1st quarter worth $203,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.5 %

Shares of NYSE ORCL opened at $173.52 on Friday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The company has a 50-day moving average of $160.15 and a two-hundred day moving average of $140.20. The company has a market cap of $478.20 billion, a PE ratio of 46.77, a P/E/G ratio of 3.23 and a beta of 1.01. The company has a current ratio of 0.72, a quick 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 firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is 43.13%.

Analyst Ratings Changes

Several research firms have commented on ORCL. Royal Bank of Canada began coverage on Oracle in a report on Wednesday. They issued a “sector perform” rating and a $165.00 price target for the company. Citigroup raised their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Finally, Piper Sandler upped their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

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.