Bluesphere Advisors LLC Acquires 2,665 Shares of Oracle Co. (NYSE:ORCL)

Bluesphere Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 85.6% in the third quarter, Holdings Channel reports. The firm owned 5,780 shares of the enterprise software provider’s stock after purchasing an additional 2,665 shares during the quarter. Bluesphere Advisors LLC’s holdings in Oracle were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle during the second quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter worth approximately $35,000. Alaska Permanent Fund Corp acquired a new stake in shares of Oracle during the first quarter worth approximately $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle during the first quarter worth approximately $38,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

ORCL traded down $0.86 on Monday, reaching $173.83. The company had a trading volume of 1,564,738 shares, compared to its average volume of 8,426,472. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The stock has a market cap of $481.69 billion, a P/E ratio of 44.94, a P/E/G ratio of 3.25 and a beta of 1.01. The company’s fifty day moving average is $156.29 and its 200 day moving average is $138.67. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the business earned $0.95 EPS. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Guggenheim raised their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. BMO Capital Markets raised their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.67.

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.