Mirabella Financial Services LLP Has $3.70 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Mirabella Financial Services LLP raised its position in shares of Oracle Co. (NYSE:ORCL) by 856.6% in the 3rd quarter, Holdings Channel reports. The firm owned 22,108 shares of the enterprise software provider’s stock after acquiring an additional 19,797 shares during the period. Mirabella Financial Services LLP’s holdings in Oracle were worth $3,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Truvestments Capital LLC lifted its position in shares of Oracle by 864.1% during the 3rd quarter. Truvestments Capital LLC now owns 20,333 shares of the enterprise software provider’s stock worth $3,465,000 after buying an additional 18,224 shares during the last quarter. Blue Whale Capital LLP boosted its stake in shares of Oracle by 825.7% in the 3rd quarter. Blue Whale Capital LLP now owns 251,842 shares of the enterprise software provider’s stock valued at $42,914,000 after purchasing an additional 224,636 shares in the last quarter. DRW Securities LLC grew its holdings in shares of Oracle by 101.3% during the 3rd quarter. DRW Securities LLC now owns 4,669 shares of the enterprise software provider’s stock valued at $796,000 after purchasing an additional 353,560 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in Oracle by 119.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 34,543 shares of the enterprise software provider’s stock worth $5,885,000 after purchasing an additional 18,803 shares in the last quarter. Finally, Bank of Hawaii bought a new position in Oracle in the 3rd quarter valued at approximately $200,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $194.26 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. The firm has a 50 day moving average of $175.62 and a 200-day moving average of $149.64. The company has a market cap of $538.31 billion, a price-to-earnings ratio of 49.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.82%. Oracle’s dividend payout ratio is 41.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ORCL shares. TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Morgan Stanley lifted 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, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

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.