Cladis Investment Advisory LLC Invests $201,000 in Oracle Co. (NYSE:ORCL)

Cladis Investment Advisory LLC acquired a new stake in Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,178 shares of the enterprise software provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Fisher Asset Management LLC grew its position in Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after acquiring an additional 296,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Oracle by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,474,912 shares of the enterprise software provider’s stock valued at $1,955,325,000 after acquiring an additional 691,193 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after acquiring an additional 424,500 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Oracle by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after purchasing an additional 66,444 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE ORCL opened at $184.84 on Monday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. The firm has a market capitalization of $512.20 billion, a price-to-earnings ratio of 47.64, a P/E/G ratio of 3.41 and a beta of 1.02. 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 firm’s 50 day simple moving average is $177.45 and its 200 day simple moving average is $152.01.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s payout ratio is presently 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. BMO Capital Markets increased their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley lifted their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle 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.