Smart Portfolios LLC Has $1.53 Million Holdings in Oracle Co. (NYSE:ORCL)

Smart Portfolios LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 0.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,975 shares of the enterprise software provider’s stock after selling 70 shares during the period. Oracle accounts for approximately 1.6% of Smart Portfolios LLC’s portfolio, making the stock its 17th largest holding. Smart Portfolios LLC’s holdings in Oracle were worth $1,529,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Consilium Wealth Advisory LLC bought a new stake in shares of Oracle during the 3rd quarter worth $603,000. Maia Wealth LLC lifted its holdings in shares of Oracle by 30.6% in the third quarter. Maia Wealth LLC now owns 5,378 shares of the enterprise software provider’s stock worth $938,000 after acquiring an additional 1,261 shares during the last quarter. Umpqua Bank boosted its stake in shares of Oracle by 2.8% in the 3rd quarter. Umpqua Bank now owns 2,572 shares of the enterprise software provider’s stock valued at $438,000 after purchasing an additional 69 shares in the last quarter. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of Oracle during the 3rd quarter valued at approximately $378,000. Finally, Radnor Capital Management LLC increased its position in Oracle by 7.8% during the 3rd quarter. Radnor Capital Management LLC now owns 7,703 shares of the enterprise software provider’s stock worth $1,313,000 after purchasing an additional 555 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORCL. KeyCorp boosted their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Monday, September 16th. TD Cowen raised their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Up 5.3 %

Shares of NYSE:ORCL traded up $9.02 during midday trading on Wednesday, hitting $180.80. 3,494,807 shares of the company’s stock were exchanged, compared to its average volume of 8,250,693. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $181.63. The company has a market cap of $501.01 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a 50 day moving average price of $164.71 and a 200-day moving average price of $143.02.

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 the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued 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 0.88%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Buying and Selling

In other Oracle news, 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 transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is owned by corporate insiders.

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.