QRG Capital Management Inc. Buys 10,163 Shares of Oracle Co. (NYSE:ORCL)

QRG Capital Management Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,820 shares of the enterprise software provider’s stock after acquiring an additional 10,163 shares during the period. QRG Capital Management Inc.’s holdings in Oracle were worth $29,449,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ORCL. Jennison Associates LLC grew its position in Oracle by 2.3% in the first quarter. Jennison Associates LLC now owns 208,587 shares of the enterprise software provider’s stock valued at $26,201,000 after acquiring an additional 4,709 shares during the period. Comprehensive Financial Consultants Institutional Inc. grew its holdings in shares of Oracle by 6.7% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 3,740 shares of the enterprise software provider’s stock worth $470,000 after purchasing an additional 234 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Oracle by 8.1% during the first quarter. Proficio Capital Partners LLC now owns 25,766 shares of the enterprise software provider’s stock worth $3,236,000 after purchasing an additional 1,928 shares during the last quarter. Peoples Bank OH grew its holdings in shares of Oracle by 7.3% during the first quarter. Peoples Bank OH now owns 9,998 shares of the enterprise software provider’s stock worth $1,256,000 after purchasing an additional 676 shares during the last quarter. Finally, United Community Bank grew its holdings in shares of Oracle by 1.7% during the first quarter. United Community Bank now owns 6,382 shares of the enterprise software provider’s stock worth $802,000 after purchasing an additional 104 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORCL shares. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Stifel Nicolaus upped their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Mizuho upped their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Down 0.1 %

ORCL stock traded down $0.11 during mid-day trading on Monday, reaching $169.91. The company had a trading volume of 441,765 shares, compared to its average volume of 8,265,656. 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 50 day simple moving average of $163.43 and a two-hundred day simple moving average of $142.24. The company has a market capitalization of $470.83 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 3.09 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last issued its 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 return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid 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 dividend yield of 0.94%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Transactions at Oracle

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