Oracle Co. (NYSE:ORCL) Shares Purchased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. raised its position in Oracle Co. (NYSE:ORCL - Free Report) by 145.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,951 shares of the enterprise software provider's stock after acquiring an additional 15,374 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Oracle were worth $3,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cookson Peirce & Co. Inc. grew its stake in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after purchasing an additional 60 shares during the period. Howard Bailey Securities LLC lifted its position in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after buying an additional 64 shares during the period. New England Capital Financial Advisors LLC lifted its position in Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after buying an additional 64 shares during the period. Cape ANN Savings Bank lifted its stake in shares of Oracle by 1.1% in the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after purchasing an additional 65 shares in the last quarter. Finally, Greenwood Gearhart Inc. lifted its stake in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 7.8%

Shares of Oracle stock traded up $15.68 during trading on Friday, reaching $215.54. 53,639,099 shares of the stock were exchanged, compared to its average volume of 9,721,350. The stock's fifty day moving average is $152.88 and its 200 day moving average is $160.46. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $216.60. The firm has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm's revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Analyst Ratings Changes

Several equities research analysts have issued reports on ORCL shares. Guggenheim restated a "buy" rating and set a $220.00 price objective on shares of Oracle in a report on Thursday. BMO Capital Markets upgraded Oracle from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $200.00 to $235.00 in a research report on Friday. KeyCorp upped their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday. Royal Bank of Canada upped their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, Morgan Stanley reissued a "positive" rating on shares of Oracle in a research report on Monday, June 9th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.32.

Insider Transactions at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 in the last three months. Insiders own 42.20% 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.