Denali Advisors LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,300 shares of the enterprise software provider’s stock, valued at approximately $78,000.

Other large investors have also recently made changes to their positions in the company. Modus Advisors LLC bought a new position in shares of Oracle in the 2nd quarter worth approximately $25,000. Okabena Investment Services Inc. bought a new position in shares of Oracle in the 2nd quarter worth approximately $34,000. Balentine LLC bought a new position in shares of Oracle in the 1st quarter worth approximately $31,000. Rockbridge Investment Management LCC bought a new position in shares of Oracle in the 2nd quarter worth approximately $44,000. Finally, Islay Capital Management LLC raised its position in shares of Oracle by 80.0% in the 2nd quarter. Islay Capital Management LLC now owns 900 shares of the enterprise software provider’s stock worth $50,000 after acquiring an additional 400 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Oracle stock traded down $0.23 during trading on Friday, reaching $60.29. The company had a trading volume of 6,070,963 shares, compared to its average volume of 13,511,885. Oracle Co. has a 52 week low of $39.71 and a 52 week high of $62.60. The firm’s 50-day simple moving average is $58.95 and its 200 day simple moving average is $55.19. The firm has a market capitalization of $181.53 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.83. The company has a current ratio of 2.66, a quick ratio of 3.03 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, September 10th. The enterprise software provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. Oracle had a return on equity of 85.71% and a net margin of 26.13%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same period last year, the firm earned $0.81 EPS. On average, analysts predict that Oracle Co. will post 3.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $0.96 dividend on an annualized basis and a yield of 1.59%. Oracle’s dividend payout ratio is presently 27.75%.

ORCL has been the subject of several research reports. Oppenheimer reissued a “hold” rating on shares of Oracle in a research report on Friday, September 11th. Societe Generale upped their price target on Oracle from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. Sanford C. Bernstein restated a “buy” rating and issued a $70.00 price target on shares of Oracle in a research note on Monday, September 14th. BMO Capital Markets upped their price target on Oracle from $57.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, September 11th. They noted that the move was a valuation call. Finally, BNP Paribas upgraded Oracle to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, September 24th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $60.25.

In other Oracle news, EVP Dorian Daley sold 112,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $60.95, for a total transaction of $6,856,875.00. Following the sale, the executive vice president now directly owns 112,500 shares of the company’s stock, valued at $6,856,875. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO W Corey West sold 5,359 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $61.20, for a total value of $327,970.80. Following the sale, the chief accounting officer now directly owns 115,006 shares in the company, valued at $7,038,367.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,673 shares of company stock worth $7,906,167. Insiders own 36.60% of the company’s stock.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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