Oracle Co. (NYSE:ORCL) Shares Sold by Keene & Associates Inc.

Keene & Associates Inc. reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,671 shares of the enterprise software provider’s stock after selling 564 shares during the quarter. Oracle accounts for 3.2% of Keene & Associates Inc.’s holdings, making the stock its 5th biggest holding. Keene & Associates Inc.’s holdings in Oracle were worth $3,907,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ORCL. Norges Bank acquired a new stake in shares of Oracle in the 4th quarter valued at $1,210,181,000. Janus Henderson Group PLC lifted its position in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. Capital World Investors boosted its stake in Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after buying an additional 3,323,334 shares in the last quarter. PineStone Asset Management Inc. grew its position 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 last quarter. Finally, Parnassus Investments LLC raised its stake in Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after acquiring an additional 2,191,342 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ORCL shares. Morgan Stanley lifted their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.13.

Oracle Trading Up 0.4 %

NYSE ORCL opened at $162.03 on Monday. Oracle Co. has a one year low of $99.26 and a one year high of $173.93. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50 day simple moving average of $139.85 and a 200 day simple moving average of $130.16. The stock has a market capitalization of $446.53 billion, a P/E ratio of 43.67, a P/E/G ratio of 2.89 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. Research analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Activity at Oracle

In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock valued at $266,776,624 in the last three months. Corporate 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.