West Family Investments Inc. Acquires 1,224 Shares of Oracle Co. (NYSE:ORCL)

West Family Investments Inc. increased its position in Oracle Co. (NYSE:ORCL) by 27.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,678 shares of the enterprise software provider’s stock after purchasing an additional 1,224 shares during the quarter. West Family Investments Inc.’s holdings in Oracle were worth $968,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Oracle in the 3rd quarter worth approximately $26,188,000. Banque Cantonale Vaudoise raised its holdings in Oracle by 46.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 56,311 shares of the enterprise software provider’s stock worth $9,595,000 after buying an additional 17,796 shares during the period. SouthState Corp boosted its position in shares of Oracle by 4.1% during the third quarter. SouthState Corp now owns 163,282 shares of the enterprise software provider’s stock worth $27,823,000 after buying an additional 6,479 shares during the period. First City Capital Management Inc. raised its holdings in shares of Oracle by 9.6% in the third quarter. First City Capital Management Inc. now owns 2,178 shares of the enterprise software provider’s stock valued at $371,000 after purchasing an additional 191 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in Oracle by 18.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 45,919 shares of the enterprise software provider’s stock worth $7,825,000 after buying an additional 7,206 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Down 0.9 %

Shares of Oracle stock opened at $184.00 on Tuesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $509.88 billion, a P/E ratio of 47.87, a P/E/G ratio of 3.39 and a beta of 1.02. The stock’s 50 day simple moving average is $173.06 and its 200-day simple moving average is $147.56. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5 EPS for the current fiscal 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Ratings Changes

ORCL has been the subject of several research reports. Morgan Stanley lifted their price objective 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. JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Guggenheim upped their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group boosted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle 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.