Oracle Co. (NYSE:ORCL) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,081 shares of the enterprise software provider’s stock after acquiring an additional 515 shares during the quarter. OneAscent Financial Services LLC’s holdings in Oracle were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Janus Henderson Group PLC lifted its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in Oracle by 131.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Oracle by 97.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after buying an additional 2,093,893 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Finally, Altshuler Shaham Ltd lifted its holdings in Oracle by 5,853.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock worth $219,224,000 after buying an additional 1,526,500 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the 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 completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $185.75 on Tuesday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $514.72 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02. The company has a 50-day moving average price of $173.06 and a two-hundred day moving average price of $147.56.

Oracle (NYSE:ORCL) last issued its quarterly 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 company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORCL. 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 research report on Tuesday, September 10th. JMP Securities boosted their target price on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Stifel Nicolaus boosted their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Guggenheim boosted their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, DA Davidson boosted their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

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.