Roanoke Asset Management Corp NY Has $9.31 Million Position in Oracle Co. (NYSE:ORCL)

Roanoke Asset Management Corp NY lessened its holdings in Oracle Co. (NYSE:ORCL) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,616 shares of the enterprise software provider’s stock after selling 129 shares during the quarter. Oracle makes up 2.9% of Roanoke Asset Management Corp NY’s holdings, making the stock its 10th largest holding. Roanoke Asset Management Corp NY’s holdings in Oracle were worth $9,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the second quarter worth approximately $35,000. Reston Wealth Management LLC purchased a new position in Oracle during the 3rd quarter worth $44,000. Finally, Quest Partners LLC bought a new stake in Oracle during the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.3 %

NYSE ORCL opened at $170.02 on Friday. The company has a market capitalization of $471.14 billion, a PE ratio of 43.82, a P/E/G ratio of 3.22 and a beta of 1.01. The company has a fifty day moving average of $163.43 and a 200 day moving average of $141.93. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last posted its earnings results 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. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Evercore ISI boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Citigroup increased their target price on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.52.

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.