Patton Fund Management Inc. Has $4.09 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Patton Fund Management Inc. decreased its stake in shares of Oracle Co. (NYSE:ORCLFree Report) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,378 shares of the enterprise software provider’s stock after selling 2,850 shares during the period. Oracle accounts for about 1.2% of Patton Fund Management Inc.’s portfolio, making the stock its 13th largest holding. Patton Fund Management Inc.’s holdings in Oracle were worth $4,094,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Investment Research LLC bought a new stake in shares of Oracle during the fourth quarter worth approximately $25,000. NewSquare Capital LLC increased its position in Oracle by 843.3% during the 1st quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 253 shares during the period. Steward Financial Group LLC acquired a new stake in shares of Oracle during the fourth quarter worth $27,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Oracle during the first quarter worth $30,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Oracle in the first quarter valued at about $32,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets increased their price target on Oracle from $96.00 to $132.00 in a research report on Tuesday, June 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Oracle from $120.00 to $135.00 in a research note on Tuesday, June 13th. DZ Bank upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Thursday, September 14th. Guggenheim boosted their target price on shares of Oracle from $120.00 to $150.00 in a research note on Tuesday, June 13th. Finally, Mizuho increased their price target on Oracle from $116.00 to $150.00 in a research note on Tuesday, June 13th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

Check Out Our Latest Stock Analysis on Oracle

Oracle Stock Down 0.4 %

ORCL traded down $0.45 during mid-day trading on Tuesday, reaching $111.76. 1,663,851 shares of the stock were exchanged, compared to its average volume of 9,115,545. Oracle Co. has a 1 year low of $60.78 and a 1 year high of $127.54. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $306.20 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.98 and a beta of 1.00. The company has a 50 day moving average price of $117.28 and a two-hundred day moving average price of $106.40.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a net margin of 18.40% and a negative return on equity of 470.73%. The business had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, research analysts anticipate that Oracle Co. will post 4.49 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, October 11th. Oracle’s dividend payout ratio is 47.62%.

Insider Buying and Selling at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of Oracle stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total value of $211,662,500.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $138,576,328,095.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Maria Smith sold 1,320 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $116.78, for a total transaction of $154,149.60. Following the transaction, the executive vice president now directly owns 20,280 shares in the company, valued at approximately $2,368,298.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $138,576,328,095.35. The disclosure for this sale can be found here. Insiders have sold a total of 1,845,000 shares of company stock worth $222,934,550 over the last three months. 43.70% of the stock is currently owned by insiders.

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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