Ascent Wealth Partners LLC Has $11.27 Million Stake in Oracle Co. (NYSE:ORCL)

Ascent Wealth Partners LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.3% in the third quarter, HoldingsChannel reports. The firm owned 66,153 shares of the enterprise software provider’s stock after selling 166 shares during the period. Oracle makes up 1.6% of Ascent Wealth Partners LLC’s portfolio, making the stock its 15th biggest position. Ascent Wealth Partners LLC’s holdings in Oracle were worth $11,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Janus Henderson Group PLC increased its holdings in Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. increased its stake in shares of Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after buying an additional 2,219,450 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Oracle by 97.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after acquiring an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after acquiring an additional 2,052,275 shares during the period. Finally, Altshuler Shaham Ltd lifted its stake in shares of Oracle by 5,853.1% during the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.3 %

Shares of NYSE:ORCL traded up $0.56 during mid-day trading on Thursday, reaching $181.80. 89,448 shares of the stock were exchanged, compared to its average volume of 8,248,049. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $503.78 billion, a P/E ratio of 46.71, a P/E/G ratio of 3.12 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $182.10. The stock’s 50 day simple moving average is $165.58 and its 200-day simple moving average is $143.29.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5 EPS 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Evercore ISI upped their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Royal Bank of Canada initiated coverage on Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. JMP Securities upped their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. BMO Capital Markets upped their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Finally, TD Cowen upped their price objective on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $168.52.

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.