BNC Wealth Management LLC Acquires 821 Shares of Oracle Co. (NYSE:ORCL)

BNC Wealth Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,536 shares of the enterprise software provider’s stock after purchasing an additional 821 shares during the period. Oracle accounts for approximately 1.9% of BNC Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. BNC Wealth Management LLC’s holdings in Oracle were worth $5,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. lifted its holdings in Oracle by 15.3% in the second quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after buying an additional 3,300 shares during the period. Buckley Wealth Management LLC increased its stake in shares of Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after acquiring an additional 2,870 shares in the last quarter. GAMMA Investing LLC boosted its stake in Oracle by 55.7% during the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after acquiring an additional 7,982 shares in the last quarter. United Asset Strategies Inc. boosted its stake in Oracle by 41.7% during the third quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock worth $3,323,000 after acquiring an additional 5,737 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its holdings in Oracle by 7.5% in the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after purchasing an additional 8,790 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 5.5 %

Shares of NYSE ORCL opened at $181.24 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $502.23 billion, a P/E ratio of 46.71, a P/E/G ratio of 3.12 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $182.10. The business has a 50-day simple moving average of $165.58 and a two-hundred day simple moving average of $143.29.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 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 analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Stifel Nicolaus boosted their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. JMP Securities increased their target price on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. KeyCorp lifted their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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 value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by company insiders.

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.