Zions Bancorporation N.A. boosted its position in shares of Oracle Co. (NYSE:ORCL – Free Report) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,602 shares of the enterprise software provider’s stock after acquiring an additional 935 shares during the period. Zions Bancorporation N.A.’s holdings in Oracle were worth $955,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the second quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the first quarter worth approximately $38,000. Finally, Quest Partners LLC bought a new position in shares of Oracle during the second quarter worth approximately $40,000. 42.44% of the stock is currently owned by institutional investors.
Oracle Trading Down 1.3 %
Shares of NYSE ORCL opened at $187.08 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. The firm’s 50 day moving average price is $170.41 and its 200-day moving average price is $145.85. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. The company has a market cap of $518.41 billion, a PE ratio of 48.22, a P/E/G ratio of 3.49 and a beta of 1.02.
Oracle Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.86%. Oracle’s payout ratio is 41.24%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Citigroup lifted their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Sanford C. Bernstein boosted their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Bank of America upped their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.52.
Get Our Latest Research Report on ORCL
Insiders Place Their Bets
In related 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 transaction 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 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% 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.
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