Arjuna Capital Has $2.06 Million Position in Oracle Co. (NYSE:ORCL)

Arjuna Capital reduced its stake in Oracle Co. (NYSE:ORCL) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,087 shares of the enterprise software provider’s stock after selling 171 shares during the period. Arjuna Capital’s holdings in Oracle were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ORCL. Principal Financial Group Inc. boosted its position in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the period. Itau Unibanco Holding S.A. boosted its position in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after buying an additional 3,300 shares during the period. Buckley Wealth Management LLC boosted its position in Oracle by 63.8% during the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after buying an additional 2,870 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Oracle by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,709,906 shares of the enterprise software provider’s stock worth $632,168,000 after buying an additional 70,833 shares during the period. Finally, Atria Investments Inc boosted its position in Oracle by 17.7% during the 3rd quarter. Atria Investments Inc now owns 252,823 shares of the enterprise software provider’s stock worth $43,081,000 after buying an additional 38,079 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on ORCL. Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. raised their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Royal Bank of Canada assumed coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. Oppenheimer restated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Price Performance

Shares of ORCL traded down $0.29 during midday trading on Wednesday, hitting $189.29. 491,568 shares of the company traded hands, compared to its average volume of 8,231,199. The stock has a 50-day moving average of $169.43 and a 200-day moving average of $145.54. Oracle Co. has a one year low of $99.26 and a one year high of $191.50. The firm has a market cap of $524.53 billion, a P/E ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

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.