3Chopt Investment Partners LLC Makes New $1.42 Million Investment in Oracle Co. (NYSE:ORCL)

3Chopt Investment Partners LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 10,057 shares of the enterprise software provider’s stock, valued at approximately $1,420,000.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Oracle in the second quarter valued at $27,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the 4th quarter valued at about $30,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in Oracle in the 2nd quarter valued at about $35,000. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold 1,573,181 shares of company stock worth $225,338,245 over the last ninety days. 42.80% of the stock is owned by insiders.

Oracle Price Performance

Oracle stock opened at $170.39 on Tuesday. The stock has a 50-day moving average price of $145.57 and a two-hundred day moving average price of $134.11. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $173.99. 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 company has a market capitalization of $472.15 billion, a PE ratio of 45.93, a P/E/G ratio of 3.05 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm 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 company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. Analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s payout ratio is 43.13%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Mizuho raised their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Guggenheim boosted their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.42.

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.