Stephens Consulting LLC Has $507,000 Position in Oracle Co. (NYSE:ORCL)

Stephens Consulting LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 26.5% in the 3rd quarter, Holdings Channel reports. The firm owned 2,974 shares of the enterprise software provider’s stock after selling 1,075 shares during the period. Stephens Consulting LLC’s holdings in Oracle were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Itau Unibanco Holding S.A. boosted its position in Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after buying an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. raised its position in Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after purchasing an additional 1,500 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Oracle by 55.7% during the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after acquiring an additional 7,982 shares during the last quarter. Wesbanco Bank Inc. lifted its position in shares of Oracle by 7.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after purchasing an additional 8,790 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in Oracle by 91.7% during the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock worth $1,730,000 after acquiring an additional 6,587 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. JMP Securities upped their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday. Barclays boosted their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Jefferies Financial Group raised their price target on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $168.67.

Oracle Price Performance

Shares of NYSE ORCL opened at $174.69 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. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The stock has a market cap of $484.08 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The stock has a fifty day moving average of $156.29 and a 200-day moving average of $138.59.

Oracle (NYSE:ORCL) last announced its quarterly 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 firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity 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 stock was 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 owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is 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.