Mediolanum International Funds Ltd Purchases 4,507 Shares of Oracle Co. (NYSE:ORCL)

Mediolanum International Funds Ltd lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 112,582 shares of the enterprise software provider’s stock after buying an additional 4,507 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Oracle were worth $18,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Lake Street Advisors Group LLC raised its stake in shares of Oracle by 4.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 31,032 shares of the enterprise software provider’s stock worth $5,288,000 after purchasing an additional 1,244 shares during the period. Heritage Financial Services LLC bought a new stake in Oracle in the 3rd quarter valued at about $223,000. Ballentine Partners LLC raised its stake in Oracle by 3.3% in the 3rd quarter. Ballentine Partners LLC now owns 31,923 shares of the enterprise software provider’s stock valued at $5,440,000 after acquiring an additional 1,031 shares during the period. Financial Partners Group LLC raised its stake in Oracle by 251.7% in the 3rd quarter. Financial Partners Group LLC now owns 7,860 shares of the enterprise software provider’s stock valued at $1,339,000 after acquiring an additional 5,625 shares during the period. Finally, Silver Oak Securities Incorporated raised its stake in Oracle by 15.3% in the 3rd quarter. Silver Oak Securities Incorporated now owns 5,877 shares of the enterprise software provider’s stock valued at $959,000 after acquiring an additional 778 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ORCL shares. Guggenheim boosted their price objective on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. BMO Capital Markets lifted their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Piper Sandler lifted their target price on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Sanford C. Bernstein lifted their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Jefferies Financial Group lifted their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’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 completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is owned by insiders.

Oracle Trading Up 0.6 %

ORCL stock traded up $1.11 during midday trading on Friday, hitting $175.49. The company had a trading volume of 941,976 shares, compared to its average volume of 8,347,717. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The stock’s 50 day moving average price is $158.68 and its 200 day moving average price is $139.61. The stock has a market cap of $486.29 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 3.23 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio is presently 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.