Avitas Wealth Management LLC Buys 216 Shares of Oracle Co. (NYSE:ORCL)

Avitas Wealth Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,314 shares of the enterprise software provider’s stock after purchasing an additional 216 shares during the period. Avitas Wealth Management LLC’s holdings in Oracle were worth $2,780,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Fairway Wealth LLC bought a new stake in Oracle during the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth $35,000. Quest Partners LLC purchased a new stake in Oracle in the second quarter worth $40,000. Finally, Avondale Wealth Management bought a new position in Oracle in the third quarter worth $51,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ORCL. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. UBS Group restated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Guggenheim lifted their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler lifted their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

Oracle Stock Performance

ORCL opened at $173.49 on Wednesday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The company has a market cap of $480.74 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 3.20 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The company’s 50 day moving average is $161.53 and its 200 day moving average is $141.16.

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, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 41.24%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.