Oracle Co. (NYSE:ORCL) Shares Purchased by TCW Group Inc.

TCW Group Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 108,124 shares of the enterprise software provider’s stock after purchasing an additional 3,333 shares during the period. TCW Group Inc.’s holdings in Oracle were worth $18,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ORCL. Fairway Wealth LLC acquired a new position in shares of Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the second quarter worth about $30,000. Quest Partners LLC acquired a new position in Oracle during the second quarter worth about $40,000. Reston Wealth Management LLC purchased a new position in Oracle in the third quarter valued at about $44,000. Finally, Avondale Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock opened at $177.74 on Wednesday. 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 twelve month low of $99.26 and a twelve month high of $198.31. The stock has a market capitalization of $492.53 billion, a P/E ratio of 45.81, a PEG ratio of 3.49 and a beta of 1.03. The business’s fifty day moving average price is $179.76 and its 200 day moving average price is $154.67.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm earned $1.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORCL. Mizuho upped their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Barclays lifted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $181.48.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is currently owned by corporate 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.