Investment Management Corp of Ontario Has $9.36 Million Position in Oracle Co. (NYSE:ORCL)

Investment Management Corp of Ontario raised its position in shares of Oracle Co. (NYSE:ORCL) by 49.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,944 shares of the enterprise software provider’s stock after purchasing an additional 18,200 shares during the period. Investment Management Corp of Ontario’s holdings in Oracle were worth $9,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new position in Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the second quarter worth about $35,000. Reston Wealth Management LLC acquired a new position in Oracle during the third quarter valued at $44,000. Finally, Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter valued at $40,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent research reports. Jefferies Financial Group upped their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets upped their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. JMP Securities upped their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. Morgan Stanley increased their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report 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. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Down 1.9 %

ORCL opened at $181.41 on Tuesday. The business’s fifty day moving average is $177.45 and its two-hundred day moving average is $152.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $502.70 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 3.41 and a beta of 1.03. Oracle Co. has a one year low of $99.26 and a one year high of $196.04.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Insider Transactions at Oracle

In other Oracle 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 transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by insiders.

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.