Whelan Financial Takes Position in Oracle Co. (NYSE:ORCL)

Whelan Financial acquired a new stake in Oracle Co. (NYSE:ORCLFree Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,399 shares of the enterprise software provider’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also modified their holdings of the company. KWB Wealth acquired a new stake in Oracle in the 1st quarter worth $215,000. Ashton Thomas Private Wealth LLC increased its stake in Oracle by 27.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 16,004 shares of the enterprise software provider’s stock valued at $2,010,000 after acquiring an additional 3,494 shares during the period. Norden Group LLC boosted its stake in Oracle by 7.9% in the 1st quarter. Norden Group LLC now owns 9,036 shares of the enterprise software provider’s stock valued at $1,135,000 after buying an additional 665 shares in the last quarter. SeaBridge Investment Advisors LLC grew its holdings in shares of Oracle by 91.8% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 14,221 shares of the enterprise software provider’s stock worth $1,786,000 after purchasing an additional 6,807 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Oracle during the first quarter worth approximately $2,432,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Trading Down 3.7 %

Oracle stock traded down $6.44 during mid-day trading on Thursday, reaching $168.12. 3,412,867 shares of the company traded hands, compared to its average volume of 8,284,643. The firm’s 50 day moving average price is $162.22 and its 200 day moving average price is $141.39. The firm has a market capitalization of $465.87 billion, a price-to-earnings ratio of 43.53, a P/E/G ratio of 3.20 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $178.61.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for 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%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. On average, analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s payout ratio is 41.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ORCL shares. DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note 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 note on Tuesday, September 10th. JMP Securities upped their price objective on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Piper Sandler boosted their price target on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Bank of America increased their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Get Our Latest Stock Analysis on Oracle

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.

Featured Stories

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.