Victory Capital Management Inc. Purchases 253,566 Shares of Oracle Co. (NYSE:ORCL)

Victory Capital Management Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 44.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 823,546 shares of the enterprise software provider’s stock after acquiring an additional 253,566 shares during the quarter. Victory Capital Management Inc.’s holdings in Oracle were worth $140,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eagle Rock Investment Company LLC grew its position in Oracle by 0.4% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares during the period. W Advisors LLC boosted its stake in shares of Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after acquiring an additional 64 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after acquiring an additional 65 shares during the last quarter. Oak Ridge Investments LLC boosted its stake in shares of Oracle by 3.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 1,730 shares of the enterprise software provider’s stock worth $295,000 after acquiring an additional 65 shares during the last quarter. Finally, Trust Point Inc. boosted its stake in shares of Oracle by 0.5% during the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after acquiring an additional 66 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $189.60 on Wednesday. The company has a market cap of $525.39 billion, a PE ratio of 48.87, a PEG ratio of 3.49 and a beta of 1.02. 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 12-month low of $99.26 and a 12-month high of $191.50. The business’s fifty day simple moving average is $168.43 and its 200-day simple moving average is $145.03.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target on the stock. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Mizuho lifted their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Citigroup lifted their target price on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus 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.