Baldwin Investment Management LLC Acquires 150 Shares of Oracle Co. (NYSE:ORCL)

Baldwin Investment Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 1.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,912 shares of the enterprise software provider’s stock after buying an additional 150 shares during the period. Baldwin Investment Management LLC’s holdings in Oracle were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle during the second quarter worth $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle in the 1st quarter worth $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the second quarter worth $40,000. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Morgan Stanley increased their target price on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. JMP Securities upped their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Barclays lifted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Stock Up 1.3 %

Oracle stock opened at $190.36 on Wednesday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04. The firm has a market capitalization of $527.49 billion, a PE ratio of 49.06, a P/E/G ratio of 3.46 and a beta of 1.02. The company’s 50-day moving average is $176.44 and its 200-day moving average is $150.66. 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, topping 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 firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

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.