Dunhill Financial LLC Buys 159 Shares of Oracle Co. (NYSE:ORCL)

Dunhill Financial LLC lifted its position in Oracle Co. (NYSE:ORCL) by 37.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 584 shares of the enterprise software provider’s stock after purchasing an additional 159 shares during the quarter. Dunhill Financial LLC’s holdings in Oracle were worth $100,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the period. Cadence Bank lifted its position in Oracle by 0.8% during the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares during the period. Eagle Rock Investment Company LLC lifted its position in Oracle by 0.4% during the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after purchasing an additional 64 shares during the period. W Advisors LLC grew its position in Oracle by 3.1% during the 3rd quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after purchasing an additional 64 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ORCL. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Citigroup raised their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Finally, TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $171.52.

Oracle Price Performance

Oracle stock opened at $191.69 on Friday. The company has a fifty day simple moving average of $179.36 and a 200-day simple moving average of $153.99. The firm has a market capitalization of $531.18 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 3.43 and a beta of 1.03. 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 52-week low of $99.26 and a 52-week high of $196.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the prior year, the company earned $0.95 EPS. Oracle’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Oracle’s payout ratio is 41.24%.

Insider Buying and Selling

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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle Company 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.