Infrastructure Capital Advisors LLC Acquires Shares of 10,835 Oracle Co. (NYSE:ORCL)

Infrastructure Capital Advisors LLC acquired a new stake in Oracle Co. (NYSE:ORCL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,835 shares of the enterprise software provider’s stock, valued at approximately $1,846,000.

Several other institutional investors also recently bought and sold shares of ORCL. PineStone Asset Management Inc. grew its holdings in Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the period. International Assets Investment Management LLC lifted its position in shares of Oracle by 16,023.4% in 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 in the last quarter. Altshuler Shaham Ltd lifted its position in shares of Oracle by 5,853.1% in 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 in the last quarter. Swedbank AB lifted its position in shares of Oracle by 123.7% in the second quarter. Swedbank AB now owns 2,645,920 shares of the enterprise software provider’s stock valued at $373,604,000 after acquiring an additional 1,462,978 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Oracle by 459.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,235,859 shares of the enterprise software provider’s stock valued at $174,503,000 after acquiring an additional 1,014,959 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Royal Bank of Canada initiated coverage on Oracle in a research report on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price on the stock. UBS Group restated a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Jefferies Financial Group raised their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Finally, Barclays lifted their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Eleven equities research 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 a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Trading Down 4.0 %

ORCL opened at $182.70 on Friday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $196.04. The stock has a market capitalization of $506.27 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 3.37 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day moving average price of $177.10 and a 200 day moving average price of $151.11.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping 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 analysts’ expectations of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid 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 payout ratio is 41.24%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle 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 of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by company insiders.

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.