Oracle Co. (NYSE:ORCL) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 118.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,956 shares of the enterprise software provider’s stock after buying an additional 202,671 shares during the period. Oracle makes up 0.8% of Townsquare Capital LLC’s holdings, making the stock its 24th largest position. Townsquare Capital LLC’s holdings in Oracle were worth $63,722,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ORCL. Redwood Investment Management LLC purchased a new position in shares of Oracle in the first quarter worth about $440,000. Coppell Advisory Solutions Corp. acquired a new stake in Oracle during the 1st quarter valued at approximately $322,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Oracle in the 1st quarter valued at $227,000. National Wealth Management Group LLC acquired a new stake in shares of Oracle in the first quarter worth $584,000. Finally, Heartland Bank & Trust Co purchased a new position in shares of Oracle during the first quarter worth $213,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’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 completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ORCL. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Barclays lifted their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus upped their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Stock Performance

Oracle stock opened at $190.36 on Wednesday. The stock has a market cap of $527.49 billion, a price-to-earnings ratio of 49.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.02. 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 firm has a 50 day simple moving average of $176.44 and a 200-day simple moving average of $150.66. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $196.04.

Oracle (NYSE:ORCL) last posted its earnings results 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 for 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 for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Oracle’s dividend payout ratio is currently 41.24%.

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.