OmniStar Financial Group Inc. Makes New Investment in Oracle Co. (NYSE:ORCL)

OmniStar Financial Group Inc. acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,196 shares of the enterprise software provider’s stock, valued at approximately $1,911,000. Oracle comprises approximately 1.4% of OmniStar Financial Group Inc.’s holdings, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Rock Investment Company LLC grew its stake in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock valued at $3,003,000 after acquiring an additional 64 shares during the period. Versant Capital Management Inc lifted its stake in shares of Oracle by 1.7% in the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after purchasing an additional 65 shares during the last quarter. Trust Point Inc. boosted its stake in shares of Oracle by 0.5% during the 3rd quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after purchasing an additional 66 shares during the period. First International Bank & Trust grew its position in Oracle by 1.8% in the 3rd quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock valued at $636,000 after acquiring an additional 67 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in shares of Oracle by 0.8% during the third quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock worth $1,472,000 after acquiring an additional 67 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 0.7 %

NYSE ORCL traded up $1.16 during trading hours on Friday, hitting $176.84. 1,664,450 shares of the company traded hands, compared to its average volume of 8,443,326. The stock has a market capitalization of $487.35 billion, a price-to-earnings ratio of 47.55, a P/E/G ratio of 3.29 and a beta of 1.01. The business’s 50-day moving average is $155.43 and its 200-day moving average is $138.15. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. 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 issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Insiders Place Their Bets

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 value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Guggenheim raised their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets raised their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.67.

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.