Los Angeles Capital Management LLC Acquires 557,128 Shares of Oracle Co. (NYSE:ORCL)

Los Angeles Capital Management LLC lifted its position in Oracle Co. (NYSE:ORCL) by 180.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 865,880 shares of the enterprise software provider’s stock after purchasing an additional 557,128 shares during the period. Los Angeles Capital Management LLC’s holdings in Oracle were worth $147,546,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ORCL. Eagle Rock Investment Company LLC boosted its stake in shares of Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the last quarter. W Advisors LLC grew its stake in shares of Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock valued at $368,000 after buying an additional 64 shares in the last quarter. Versant Capital Management Inc boosted its position in Oracle by 1.7% during the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after purchasing an additional 65 shares during the period. Oak Ridge Investments LLC boosted its position in shares of Oracle by 3.9% in the third quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock valued at $295,000 after acquiring an additional 65 shares during the period. Finally, Trust Point Inc. raised its stake in Oracle by 0.5% in the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $2.88 on Friday, hitting $189.25. 8,520,419 shares of the company were exchanged, compared to its average volume of 5,643,102. The company’s 50 day moving average price is $167.47 and its two-hundred day moving average price is $144.31. Oracle Co. has a one year low of $99.26 and a one year high of $190.16. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $524.42 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 3.34 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. Research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the firm’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 of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORCL. Evercore ISI upped their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Stifel Nicolaus increased their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Monday, September 16th. Finally, JMP Securities raised their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $168.52.

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.