Cohen & Steers Inc. acquired a new position in Oracle Co. (NYSE:ORCL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 534,223 shares of the enterprise software provider’s stock, valued at approximately $25,830,000.

Several other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its position in Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors lifted its position in Oracle by 4.3% in the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the period. IHT Wealth Management LLC lifted its position in Oracle by 65.9% in the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the period. ETF Managers Group LLC bought a new position in Oracle in the second quarter worth $133,000. Finally, Monroe Bank & Trust MI lifted its position in Oracle by 30.5% in the second quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock worth $144,000 after purchasing an additional 675 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Several research analysts recently commented on the company. Vetr raised Oracle from a “hold” rating to a “buy” rating and set a $51.77 target price for the company in a research report on Monday. ValuEngine raised Oracle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Instinet assumed coverage on Oracle in a research report on Wednesday, January 24th. They issued a “buy” rating and a $51.12 target price for the company. Nomura initiated coverage on Oracle in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 target price for the company. Finally, Royal Bank of Canada set a $51.00 price objective on Oracle and gave the company a “neutral” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Oracle has an average rating of “Buy” and a consensus target price of $55.39.

In other news, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 37,576 shares in the company, valued at approximately $1,953,952. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at $877,250. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,956,250 shares of company stock valued at $98,313,363. Corporate insiders own 29.00% of the company’s stock.

Shares of Oracle Co. (NYSE:ORCL) opened at $48.87 on Thursday. Oracle Co. has a 12 month low of $40.01 and a 12 month high of $53.14. The firm has a market capitalization of $203,960.00, a price-to-earnings ratio of 20.97, a PEG ratio of 1.83 and a beta of 1.08. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. sell-side analysts predict that Oracle Co. will post 2.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. Oracle’s payout ratio is 32.62%.

Oracle declared that its board has initiated a stock buyback program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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