Oracle Co. (NYSE:ORCL) Stock Holdings Increased by KBC Group NV

KBC Group NV raised its stake in Oracle Co. (NYSE:ORCL) by 55.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 607,954 shares of the enterprise software provider’s stock after buying an additional 216,944 shares during the quarter. KBC Group NV’s holdings in Oracle were worth $103,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dopkins Wealth Management LLC acquired a new position in Oracle in the 3rd quarter worth about $1,193,000. Huntington National Bank lifted its stake in shares of Oracle by 26.5% in the 3rd quarter. Huntington National Bank now owns 499,577 shares of the enterprise software provider’s stock valued at $85,128,000 after purchasing an additional 104,769 shares during the last quarter. Summit Asset Management LLC boosted its holdings in Oracle by 5.6% in the third quarter. Summit Asset Management LLC now owns 3,384 shares of the enterprise software provider’s stock worth $577,000 after purchasing an additional 180 shares in the last quarter. Plato Investment Management Ltd increased its position in Oracle by 8.0% during the third quarter. Plato Investment Management Ltd now owns 36,600 shares of the enterprise software provider’s stock worth $6,230,000 after buying an additional 2,726 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd raised its holdings in Oracle by 32.7% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 75,891 shares of the enterprise software provider’s stock valued at $12,932,000 after buying an additional 18,700 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related 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 value 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 $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ORCL shares. Guggenheim upped their price target on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Evercore ISI upped their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Barclays lifted their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Finally, Jefferies Financial Group lifted their target price on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Stock Performance

Oracle stock opened at $189.62 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. 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 stock has a fifty day moving average price of $169.43 and a two-hundred day moving average price of $145.54. The firm has a market capitalization of $525.45 billion, a P/E ratio of 48.87, a P/E/G ratio of 3.49 and a beta of 1.02.

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

Oracle Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.84%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

About Oracle

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.