Signature Wealth Management Group purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 12,500 shares of the enterprise software provider’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Neville Rodie & Shaw Inc. raised its stake in Oracle by 1.2% during the second quarter. Neville Rodie & Shaw Inc. now owns 176,654 shares of the enterprise software provider’s stock worth $10,064,000 after acquiring an additional 2,169 shares in the last quarter. Thomasville National Bank raised its stake in Oracle by 1.5% during the second quarter. Thomasville National Bank now owns 20,351 shares of the enterprise software provider’s stock worth $1,160,000 after acquiring an additional 300 shares in the last quarter. Private Trust Co. NA raised its stake in Oracle by 2.0% during the second quarter. Private Trust Co. NA now owns 22,626 shares of the enterprise software provider’s stock worth $1,289,000 after acquiring an additional 435 shares in the last quarter. Baystate Wealth Management LLC raised its stake in Oracle by 56.8% during the second quarter. Baystate Wealth Management LLC now owns 4,987 shares of the enterprise software provider’s stock worth $289,000 after acquiring an additional 1,806 shares in the last quarter. Finally, Rockland Trust Co. raised its stake in Oracle by 2.6% during the second quarter. Rockland Trust Co. now owns 8,262 shares of the enterprise software provider’s stock worth $471,000 after acquiring an additional 209 shares in the last quarter. Institutional investors and hedge funds own 53.81% of the company’s stock.

ORCL has been the topic of several research reports. Cowen initiated coverage on Oracle in a report on Friday, August 16th. They set a “buy” rating and a $65.00 price target on the stock. Macquarie restated a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Wedbush restated a “neutral” rating and set a $55.00 price target on shares of Oracle in a report on Friday, September 13th. Sanford C. Bernstein set a $66.00 price target on Oracle and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, BMO Capital Markets boosted their price target on Oracle from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Friday, September 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $56.38.

In other Oracle news, Director Hector Garcia-Molina sold 4,643 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $53.14, for a total transaction of $246,729.02. Following the transaction, the director now directly owns 38,562 shares in the company, valued at approximately $2,049,184.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total value of $40,792,500.00. Following the transaction, the chief executive officer now owns 1,038,755 shares in the company, valued at $53,807,509. The disclosure for this sale can be found here. Insiders sold 849,786 shares of company stock worth $44,213,156 over the last quarter. 36.60% of the stock is currently owned by company insiders.

ORCL stock traded up $0.58 during trading on Monday, hitting $55.13. The company had a trading volume of 7,978,913 shares, compared to its average volume of 15,824,213. The business has a 50-day moving average of $54.07 and a 200-day moving average of $54.74. Oracle Co. has a one year low of $42.40 and a one year high of $60.50. The stock has a market cap of $180.74 billion, a PE ratio of 17.45, a PEG ratio of 1.63 and a beta of 1.16. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The business had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 3.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s payout ratio is presently 30.38%.

Oracle declared that its board has initiated a share repurchase program on Wednesday, September 11th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to repurchase up to 8.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Oracle Profile

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.

Further Reading: Consumer Price Index (CPI)

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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