Kolinsky Wealth Management LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Kolinsky Wealth Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,793 shares of the enterprise software provider’s stock after purchasing an additional 290 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Oracle were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Pathway Financial Advisers LLC acquired a new stake in Oracle during the first quarter valued at $54,000. EverSource Wealth Advisors LLC increased its stake in shares of Oracle by 4.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 12,430 shares of the enterprise software provider’s stock valued at $1,561,000 after purchasing an additional 506 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its holdings in Oracle by 5.1% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 2,478 shares of the enterprise software provider’s stock worth $311,000 after purchasing an additional 121 shares during the period. Cullen Investment Group LTD. purchased a new position in Oracle during the second quarter worth approximately $202,000. Finally, ShankerValleau Wealth Advisors Inc. grew its holdings in Oracle by 80.7% in the second quarter. ShankerValleau Wealth Advisors Inc. now owns 221,799 shares of the enterprise software provider’s stock valued at $31,318,000 after purchasing an additional 99,043 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ORCL shares. Barclays increased their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Guggenheim upped their price target 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. DA Davidson lifted their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Price Performance

ORCL stock opened at $185.01 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The business has a fifty day moving average of $177.45 and a two-hundred day moving average of $151.58. The stock has a market cap of $512.67 billion, a price-to-earnings ratio of 47.68, a price-to-earnings-growth ratio of 3.37 and a beta of 1.02. 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 (NYSE:ORCL) last issued 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 firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the firm earned $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company 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 0.86%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

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.