Zurcher Kantonalbank Zurich Cantonalbank Has $71.27 Million Holdings in Oracle Co. (NYSE:ORCL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oracle Co. (NYSE:ORCL) by 8.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 418,262 shares of the enterprise software provider’s stock after buying an additional 33,612 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Oracle were worth $71,272,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORCL. PineStone Asset Management Inc. grew its holdings in shares of Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after acquiring an additional 2,052,275 shares during the last quarter. Altshuler Shaham Ltd increased its position in Oracle by 5,853.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the period. Boston Partners lifted its holdings in shares of Oracle by 32.3% during the first quarter. Boston Partners now owns 6,037,100 shares of the enterprise software provider’s stock worth $756,100,000 after purchasing an additional 1,473,734 shares during the period. Finally, Swedbank AB grew its stake in shares of Oracle by 123.7% in the second quarter. Swedbank AB now owns 2,645,920 shares of the enterprise software provider’s stock worth $373,604,000 after purchasing an additional 1,462,978 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now 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 filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. 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 report on Monday, September 30th. DA Davidson upped their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. TD Cowen raised their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.52.

Oracle Trading Down 4.0 %

Shares of Oracle stock opened at $182.76 on Thursday. 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 stock has a fifty day simple moving average of $176.80 and a 200 day simple moving average of $150.89. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The company has a market capitalization of $506.44 billion, a P/E ratio of 47.10, a price-to-earnings-growth ratio of 3.46 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its 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 during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio 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.