Oracle Co. (NYSE:ORCL) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in Oracle Co. (NYSE:ORCL) by 7.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 185,718 shares of the enterprise software provider’s stock after acquiring an additional 12,280 shares during the quarter. State of Alaska Department of Revenue’s holdings in Oracle were worth $31,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the second quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle during the 2nd quarter valued at $35,000. Quest Partners LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $40,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research reports. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Friday. Piper Sandler boosted their price target on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Stifel Nicolaus increased their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Finally, Citigroup raised their price target on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Down 0.5 %

ORCL stock opened at $173.52 on Friday. The firm’s 50-day moving average is $160.15 and its two-hundred day moving average is $140.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $478.20 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last released its 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 during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 42.80% 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.