Caisse DE Depot ET Placement DU Quebec Purchases 200,116 Shares of Oracle Co. (NYSE:ORCL)

Caisse DE Depot ET Placement DU Quebec grew its position in shares of Oracle Co. (NYSE:ORCL) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,281,513 shares of the enterprise software provider’s stock after buying an additional 200,116 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Oracle were worth $218,370,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter valued at approximately $35,000. Reston Wealth Management LLC bought a new stake in shares of Oracle in the third quarter worth $44,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at about $40,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ORCL shares. Bank of America upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Stifel Nicolaus upped their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Piper Sandler boosted their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI lifted their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Stock Performance

NYSE:ORCL opened at $185.01 on Friday. 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 stock has a 50-day simple moving average of $177.45 and a two-hundred day simple moving average of $151.58. The firm has a market capitalization of $512.67 billion, a PE ratio of 47.68, a P/E/G ratio of 3.37 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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 firm had revenue of $13.31 billion during 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%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. Oracle’s payout ratio is currently 41.24%.

Insider Buying and Selling at Oracle

In other Oracle 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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

About Oracle

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.