Sustainable Insight Capital Management LLC Purchases Shares of 1,300 Oracle Co. (NYSE:ORCL)

Sustainable Insight Capital Management LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,300 shares of the enterprise software provider’s stock, valued at approximately $222,000.

Several other institutional investors have also recently modified their holdings of ORCL. Fairway Wealth LLC purchased a new position in Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the second quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle in the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new position in Oracle in the 2nd quarter valued at $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORCL. Sanford C. Bernstein raised their price objective on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Barclays lifted their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Morgan Stanley raised their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Price Performance

Shares of ORCL stock opened at $189.25 on Friday. The firm has a fifty day simple moving average of $167.47 and a 200-day simple moving average of $144.10. The company has a market capitalization of $524.42 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $190.16. 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, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.85%. Oracle’s dividend payout ratio is presently 41.24%.

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.