Catalyst Financial Partners LLC Acquires 437 Shares of Oracle Co. (NYSE:ORCL)

Catalyst Financial Partners LLC increased its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 7.4% in the third quarter, Holdings Channel reports. The firm owned 6,308 shares of the enterprise software provider’s stock after buying an additional 437 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Oracle were worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Janus Henderson Group PLC grew its holdings in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the period. PineStone Asset Management Inc. grew its stake in Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after acquiring an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after acquiring an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the period. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus increased their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Mizuho increased their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Bank of America boosted their price objective 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. JMP Securities increased their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Finally, DA Davidson lifted their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Check Out Our Latest Stock Report on Oracle

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $174.64 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business’s 50 day moving average price is $162.22 and its two-hundred day moving average price is $141.39. The company has a market cap of $483.94 billion, a PE ratio of 45.01, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Oracle Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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