Platform Technology Partners Has $1.22 Million Stake in Oracle Co. (NYSE:ORCL)

Platform Technology Partners decreased its position in Oracle Co. (NYSE:ORCL) by 2.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,595 shares of the enterprise software provider’s stock after selling 236 shares during the period. Platform Technology Partners’ holdings in Oracle were worth $1,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Oracle by 1.4% during the 1st quarter. BlackRock Inc. now owns 117,130,967 shares of the enterprise software provider’s stock valued at $10,883,809,000 after purchasing an additional 1,618,027 shares in the last quarter. State Street Corp boosted its position in shares of Oracle by 2.6% during the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock valued at $5,815,566,000 after acquiring an additional 1,570,528 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Oracle by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 27,753,778 shares of the enterprise software provider’s stock valued at $2,572,592,000 after acquiring an additional 136,383 shares in the last quarter. FMR LLC boosted its position in Oracle by 12.2% in the first quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock valued at $2,264,450,000 after buying an additional 2,644,377 shares in the last quarter. Finally, Morgan Stanley boosted its position in Oracle by 9.6% in the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock valued at $1,675,878,000 after buying an additional 1,794,080 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of analyst reports. Guggenheim boosted their price objective on shares of Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. KeyCorp boosted their price objective on shares of Oracle from $105.00 to $120.00 in a report on Friday, June 9th. Evercore ISI upped their price target on shares of Oracle from $125.00 to $131.00 and gave the company an “in-line” rating in a report on Tuesday, September 12th. Morgan Stanley increased their target price on shares of Oracle from $105.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 12th. Finally, Bank of America increased their target price on shares of Oracle from $112.00 to $132.00 in a report on Tuesday, June 13th. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

Oracle Trading Down 0.9 %

NYSE ORCL traded down $1.05 during trading hours on Monday, reaching $112.86. The company’s stock had a trading volume of 3,665,669 shares, compared to its average volume of 9,113,361. The firm has a fifty day simple moving average of $117.28 and a 200-day simple moving average of $106.40. The stock has a market cap of $309.22 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.97 and a beta of 1.00. Oracle Co. has a 52 week low of $60.78 and a 52 week high of $127.54. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.91.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Oracle had a net margin of 18.40% and a negative return on equity of 3,631.39%. The company had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the previous year, the business posted $0.81 EPS. Oracle’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 4.49 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio is currently 47.62%.

Insider Activity

In other news, insider Edward Screven sold 354,837 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total transaction of $43,783,337.43. Following the completion of the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at $313,784,841.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Edward Screven sold 354,837 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now owns 2,543,033 shares in the company, valued at $313,784,841.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 1,320 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $116.78, for a total transaction of $154,149.60. Following the completion of the transaction, the executive vice president now owns 20,280 shares in the company, valued at approximately $2,368,298.40. The disclosure for this sale can be found here. Insiders have sold a total of 3,949,837 shares of company stock worth $482,142,887 over the last ninety days. Company insiders own 43.70% of the company’s stock.

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.