Oracle Co. (NYSE:ORCL) Stock Holdings Lessened by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Oracle Co. (NYSE:ORCL) by 91.9% during the third quarter, HoldingsChannel.com reports. The firm owned 20,035 shares of the enterprise software provider’s stock after selling 226,356 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Oracle were worth $3,414,000 as of its most recent SEC filing.

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

Oracle Stock Performance

NYSE:ORCL opened at $192.29 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a 50-day moving average price of $175.62 and a 200 day moving average price of $149.64. The firm has a market capitalization of $532.85 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.55 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Citigroup raised their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Evercore ISI upped their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. TD Cowen lifted their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Bank of America raised their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by insiders.

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.