Focused Investors LLC Has $184.77 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Focused Investors LLC lessened its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,300 shares of the enterprise software provider’s stock after selling 20,400 shares during the period. Oracle makes up 5.6% of Focused Investors LLC’s portfolio, making the stock its 6th biggest position. Focused Investors LLC’s holdings in Oracle were worth $184,765,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Royal Bank of Canada started coverage on shares of Oracle in a research note on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price on the stock. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI increased their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, TD Cowen upped their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Oracle Price Performance

Oracle stock opened at $183.74 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The business’s 50 day simple moving average is $172.14 and its 200 day simple moving average is $146.83. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.77. The company has a market cap of $509.15 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 3.39 and a beta of 1.02.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on 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 directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Company 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.