GFG Capital LLC Grows Stake in Oracle Co. (NYSE:ORCL)

GFG Capital LLC grew its stake in Oracle Co. (NYSE:ORCL) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,058 shares of the enterprise software provider’s stock after purchasing an additional 1,816 shares during the period. Oracle makes up about 0.9% of GFG Capital LLC’s portfolio, making the stock its 23rd biggest position. GFG Capital LLC’s holdings in Oracle were worth $3,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. AdvisorNet Financial Inc lifted its stake in shares of Oracle by 2.1% during the 1st quarter. AdvisorNet Financial Inc now owns 6,481 shares of the enterprise software provider’s stock worth $814,000 after acquiring an additional 133 shares during the last quarter. Gilman Hill Asset Management LLC bought a new position in shares of Oracle in the first quarter worth about $219,000. Fermata Advisors LLC purchased a new position in Oracle in the 1st quarter worth about $381,000. Retirement Planning Group LLC lifted its holdings in Oracle by 2.6% during the 1st quarter. Retirement Planning Group LLC now owns 3,888 shares of the enterprise software provider’s stock valued at $488,000 after buying an additional 97 shares in the last quarter. Finally, Beech Hill Advisors Inc. boosted its position in Oracle by 751.1% in the 1st quarter. Beech Hill Advisors Inc. now owns 29,788 shares of the enterprise software provider’s stock valued at $3,742,000 after buying an additional 26,288 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $173.76 on Tuesday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is $157.11 and its 200-day moving average price is $139.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The firm has a market capitalization of $478.86 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the business earned $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the 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 approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORCL. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. JMP Securities raised their price target on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Barclays boosted their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.67.

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.