Investment Advisory Group LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Investment Advisory Group LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 12.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,928 shares of the enterprise software provider’s stock after purchasing an additional 219 shares during the period. Investment Advisory Group LLC’s holdings in Oracle were worth $329,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Keystone Wealth Services LLC grew its holdings in Oracle by 8.5% during the 3rd quarter. Keystone Wealth Services LLC now owns 2,043 shares of the enterprise software provider’s stock valued at $348,000 after buying an additional 160 shares during the last quarter. RDA Financial Network increased its position in Oracle by 7.9% during the third quarter. RDA Financial Network now owns 18,409 shares of the enterprise software provider’s stock worth $3,137,000 after buying an additional 1,347 shares in the last quarter. NBC Securities Inc. increased its position in Oracle by 10.9% during the third quarter. NBC Securities Inc. now owns 34,920 shares of the enterprise software provider’s stock worth $5,950,000 after buying an additional 3,434 shares in the last quarter. Occidental Asset Management LLC increased its position in Oracle by 8.0% during the third quarter. Occidental Asset Management LLC now owns 5,617 shares of the enterprise software provider’s stock worth $957,000 after buying an additional 418 shares in the last quarter. Finally, GenWealth Group Inc. purchased a new position in Oracle during the third quarter worth $202,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 1.1 %

Shares of ORCL traded down $2.02 during midday trading on Tuesday, reaching $174.10. 5,846,770 shares of the company were exchanged, compared to its average volume of 8,503,258. The stock has a 50-day moving average price of $152.60 and a 200-day moving average price of $137.28. The company has a market cap of $479.80 billion, a price-to-earnings ratio of 47.04, a P/E/G ratio of 3.29 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Argus raised their price objective on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.42.

About Oracle

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.