Silvercrest Asset Management Group LLC Has $153.98 Million Stock Position in Oracle Co. (NYSE:ORCL)
Silvercrest Asset Management Group LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL – Free Report) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,292,944 shares of the enterprise software provider’s stock after purchasing an additional 55,515 shares during the period. Oracle accounts for about 1.1% of Silvercrest Asset Management Group LLC’s holdings, making the stock its 7th largest holding. Silvercrest Asset Management Group LLC’s holdings in Oracle were worth $153,977,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Marquette Asset Management LLC raised its position in shares of Oracle by 445.5% in the 2nd quarter. Marquette Asset Management LLC now owns 240 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 196 shares in the last quarter. Quintet Private Bank Europe S.A. purchased a new stake in shares of Oracle in the 1st quarter worth approximately $30,000. Altshuler Shaham Ltd purchased a new stake in shares of Oracle in the 1st quarter worth approximately $32,000. SJS Investment Consulting Inc. grew its stake in shares of Oracle by 48.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 308 shares of the enterprise software provider’s stock worth $37,000 after buying an additional 100 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Oracle by 1,481.5% in the 1st quarter. Ritter Daniher Financial Advisory LLC DE now owns 427 shares of the enterprise software provider’s stock worth $40,000 after buying an additional 400 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Berenberg Bank upped their price target on Oracle from $82.50 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, September 21st. DZ Bank upgraded Oracle from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Thursday, September 14th. Morgan Stanley upped their price target on Oracle from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Guggenheim reiterated a “buy” rating and set a $150.00 target price on shares of Oracle in a research note on Friday, September 22nd. Finally, UBS Group cut their target price on Oracle from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, September 12th. Eleven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $124.23.
Check Out Our Latest Stock Report on Oracle
Oracle Stock Performance
Oracle stock traded up $0.95 during trading on Friday, reaching $117.16. The company had a trading volume of 5,739,833 shares, compared to its average volume of 6,073,800. Oracle Co. has a 52 week low of $78.06 and a 52 week high of $127.54. The firm’s 50-day simple moving average is $109.58 and its 200 day simple moving average is $112.90. The firm has a market capitalization of $320.95 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.95 and a beta of 1.05. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 29.72.
Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $12.45 billion for the quarter, compared to analysts’ expectations of $12.48 billion. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. Sell-side analysts forecast that Oracle Co. will post 4.48 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, October 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. Oracle’s dividend payout ratio is presently 47.62%.
Insider Buying and Selling at Oracle
In other Oracle news, Director George H. Conrades sold 2,325 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $113.76, for a total transaction of $264,492.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,029,023.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 42.80% of the company’s stock.
Oracle Company Profile (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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Oracle, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Oracle wasn’t on the list.
While Oracle currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know?