Net Worth Advisory Group Purchases New Shares in Oracle Co. (NYSE:ORCL)

Net Worth Advisory Group acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,685 shares of the enterprise software provider’s stock, valued at approximately $969,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alaska Permanent Fund Corp bought a new position in shares of Oracle during the first quarter valued at approximately $36,000. Park Avenue Securities LLC grew its position in Oracle by 2.5% in the 1st quarter. Park Avenue Securities LLC now owns 22,071 shares of the enterprise software provider’s stock valued at $2,772,000 after acquiring an additional 548 shares during the last quarter. RFG Advisory LLC increased its stake in Oracle by 11.7% in the first quarter. RFG Advisory LLC now owns 17,999 shares of the enterprise software provider’s stock worth $2,261,000 after purchasing an additional 1,884 shares during the period. Congress Asset Management Co. MA lifted its position in shares of Oracle by 14.2% during the first quarter. Congress Asset Management Co. MA now owns 107,487 shares of the enterprise software provider’s stock worth $13,501,000 after purchasing an additional 13,329 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Oracle by 5.6% during the first quarter. International Assets Investment Management LLC now owns 12,620 shares of the enterprise software provider’s stock valued at $1,584,000 after purchasing an additional 673 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research analyst reports. TD Cowen lifted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Stifel Nicolaus boosted their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. KeyCorp raised their price objective on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, DA Davidson raised their price target on Oracle from $105.00 to $140.00 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.67.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.5 %

ORCL stock opened at $174.72 on Friday. The firm’s fifty day moving average is $156.29 and its 200 day moving average is $138.49. 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 Co. has a one year low of $99.26 and a one year high of $178.61. The firm has a market cap of $484.16 billion, a PE ratio of 45.03, a P/E/G ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last released 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. 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 firm posted $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) 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.