Oracle Co. (NYSE:ORCL) Holdings Raised by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,786 shares of the enterprise software provider’s stock after purchasing an additional 530 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Oracle were worth $4,394,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Eagle Rock Investment Company LLC increased its stake in shares of Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares during the period. Versant Capital Management Inc boosted its holdings in Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares during the period. Trust Point Inc. grew its position in Oracle by 0.5% in the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after purchasing an additional 66 shares during the last quarter. First International Bank & Trust increased its holdings in shares of Oracle by 1.8% during the 3rd quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock worth $636,000 after purchasing an additional 67 shares during the period. Finally, Adirondack Trust Co. increased its holdings in shares of Oracle by 0.8% during the 3rd quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock worth $1,472,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ORCL shares. Evercore ISI lifted their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. DA Davidson lifted their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group increased their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.80% of the company’s stock.

Oracle Stock Down 0.5 %

Shares of NYSE ORCL opened at $173.52 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The firm’s 50-day moving average is $160.15 and its 200-day moving average is $140.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $478.20 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01.

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, beating analysts’ consensus estimates of $1.33 by $0.06. The firm 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%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. Equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.