Warren Street Wealth Advisors LLC Buys 271 Shares of Oracle Co. (NYSE:ORCL)

Warren Street Wealth Advisors LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,332 shares of the enterprise software provider’s stock after buying an additional 271 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Oracle were worth $909,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Alaska Permanent Fund Corp purchased a new position in shares of Oracle in the 1st quarter worth about $36,000. Park Avenue Securities LLC increased its stake in Oracle by 2.5% during 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 purchasing an additional 548 shares in the last quarter. RFG Advisory LLC raised its holdings 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 buying an additional 1,884 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Oracle by 5.6% in the first quarter. International Assets Investment Management LLC now owns 12,620 shares of the enterprise software provider’s stock worth $1,584,000 after buying an additional 673 shares in the last quarter. Finally, Steph & Co. grew its holdings in shares of Oracle by 70.7% during the first quarter. Steph & Co. now owns 461 shares of the enterprise software provider’s stock valued at $58,000 after buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $174.69 on Friday. The business has a 50-day simple moving average of $156.29 and a two-hundred day simple moving average of $138.59. 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 $178.61. The stock has a market cap of $484.08 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results 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 company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors 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 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ORCL shares. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, September 16th. TD Cowen lifted their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Piper Sandler upped 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. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $168.67.

About Oracle

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.