3,128 Shares in Oracle Co. (NYSE:ORCL) Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,128 shares of the enterprise software provider’s stock, valued at approximately $330,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. Northern Trust Corp grew its holdings in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after purchasing an additional 61,604 shares during the period. Invesco Ltd. raised its stake in shares of Oracle by 1.1% in the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after purchasing an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 0.7 %

ORCL stock traded up $0.84 during trading on Friday, hitting $115.80. The company had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. The firm has a 50-day moving average price of $119.91 and a 200-day moving average price of $113.32. Oracle Co. has a 12 month low of $94.41 and a 12 month high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.31 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. As a group, analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. Oracle’s payout ratio is presently 42.22%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ORCL shares. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, HSBC boosted their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity

In other Oracle news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

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.