Oracle Co. (NYSE:ORCL) Shares Purchased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. grew its stake in shares of Oracle Co. (NYSE:ORCL) by 145.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,951 shares of the enterprise software provider’s stock after buying an additional 15,374 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Oracle were worth $3,628,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. RMR Wealth Builders grew its position in shares of Oracle by 29.7% in the first quarter. RMR Wealth Builders now owns 9,277 shares of the enterprise software provider’s stock valued at $1,297,000 after purchasing an additional 2,122 shares during the period. Rockland Trust Co. lifted its stake in shares of Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after purchasing an additional 467 shares in the last quarter. Union Bancaire Privee UBP SA lifted its stake in shares of Oracle by 6.9% during the first quarter. Union Bancaire Privee UBP SA now owns 341,128 shares of the enterprise software provider’s stock worth $46,380,000 after purchasing an additional 21,928 shares in the last quarter. Spectrum Asset Management Inc. NB CA lifted its stake in shares of Oracle by 0.3% during the first quarter. Spectrum Asset Management Inc. NB CA now owns 28,358 shares of the enterprise software provider’s stock worth $3,965,000 after purchasing an additional 88 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its stake in shares of Oracle by 50.8% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 9,355 shares of the enterprise software provider’s stock worth $1,308,000 after purchasing an additional 3,153 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ORCL shares. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday. Bank of America increased their price target on Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday. CIBC restated a “buy” rating on shares of Oracle in a research report on Monday. Wall Street Zen cut Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets raised their target price on Oracle from $175.00 to $200.00 and gave the company a “market perform” rating in a research report on Monday. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.30.

Oracle Trading Up 13.2%

Oracle stock opened at $199.67 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50-day simple moving average is $151.06 and its 200-day simple moving average is $160.44. The firm has a market capitalization of $558.47 billion, a PE ratio of 48.82, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $202.49.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 1.00%. Oracle’s dividend payout ratio is 46.95%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last three months. Company 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.