Rathbones Group PLC Acquires 567 Shares of Oracle Co. (NYSE:ORCL)

Rathbones Group PLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,634 shares of the enterprise software provider’s stock after acquiring an additional 567 shares during the period. Rathbones Group PLC’s holdings in Oracle were worth $5,032,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors raised its stake in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after acquiring an additional 82,551 shares during the period. Parnassus Investments LLC lifted its holdings in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after acquiring an additional 2,191,342 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of 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 worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Finally, Putnam Investments LLC grew its holdings in Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen boosted their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Bank of America boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI raised their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.13.

Insider Transactions at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 over the last 90 days. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $162.03 on Monday. The business has a fifty day moving average of $139.85 and a 200 day moving average of $130.16. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.93. 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 firm has a market capitalization of $446.53 billion, a price-to-earnings ratio of 43.67, a price-to-earnings-growth ratio of 2.89 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 (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 last year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.