BNC Wealth Management LLC Boosts Stock Position in Oracle Co. (NYSE:ORCL)

BNC Wealth Management LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,536 shares of the enterprise software provider’s stock after purchasing an additional 821 shares during the quarter. Oracle makes up about 1.9% of BNC Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. BNC Wealth Management LLC’s holdings in Oracle were worth $5,033,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new position in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle in the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Oracle in the first quarter valued at approximately $38,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle during the second quarter valued at approximately $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on 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 directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $181.24 on Thursday. The company has a 50 day moving average of $165.58 and a 200 day moving average of $143.29. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $182.10. The firm has a market cap of $502.23 billion, a P/E ratio of 46.71, a PEG ratio of 3.12 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share 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 analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ORCL shares. Royal Bank of Canada assumed coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. JMP Securities raised their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Stifel Nicolaus increased their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Finally, Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.52.

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.