Caisse DE Depot ET Placement DU Quebec Raises Position in Oracle Co. (NYSE:ORCL)

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Oracle Co. (NYSE:ORCL) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,281,513 shares of the enterprise software provider’s stock after buying an additional 200,116 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Oracle were worth $218,370,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ORCL. Fairway Wealth LLC purchased a new position in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the 2nd quarter worth about $35,000. Quest Partners LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $40,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Oracle during the third quarter worth about $44,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 1.3 %

Oracle stock opened at $185.01 on Friday. The firm has a market capitalization of $512.67 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 3.37 and a beta of 1.02. The company’s 50 day simple moving average is $177.45 and its 200 day simple moving average is $151.58. 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 Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for 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%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ORCL shares. Morgan Stanley boosted their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Bank of America increased their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Guggenheim upped their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, BMO Capital Markets lifted their price target on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $169.52.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction 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 owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by company insiders.

About Oracle

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.