Dynamic Technology Lab Private Ltd Has $538,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Dynamic Technology Lab Private Ltd decreased its holdings in Oracle Co. (NYSE:ORCL) by 52.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,160 shares of the enterprise software provider’s stock after selling 3,418 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Oracle were worth $538,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $35,000. Quest Partners LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $40,000. Finally, Reston Wealth Management LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $44,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $185.01 on Friday. The firm has a fifty day simple moving average of $177.45 and a two-hundred day simple moving average of $151.58. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The company has a market capitalization of $512.67 billion, a PE ratio of 47.68, a P/E/G ratio of 3.37 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.86%. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. Piper Sandler lifted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. JMP Securities lifted their target price on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Company 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.