GenWealth Group Inc. Invests $202,000 in Oracle Co. (NYSE:ORCL)

GenWealth Group Inc. purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,185 shares of the enterprise software provider’s stock, valued at approximately $202,000.

Several other large investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in Oracle in the second quarter valued at $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the second quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the second quarter worth about $35,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Oracle in the 1st quarter worth about $36,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

ORCL stock opened at $176.27 on Tuesday. The firm has a 50 day simple moving average of $152.60 and a 200 day simple moving average of $137.28. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The stock has a market cap of $485.78 billion, a P/E ratio of 47.51, a P/E/G ratio of 3.29 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 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 business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 42.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. Deutsche Bank Aktiengesellschaft upped their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Jefferies Financial Group increased their price objective on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday, September 16th. Finally, Bank of America lifted their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.42.

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.