Dopkins Wealth Management LLC Purchases New Position in Oracle Co. (NYSE:ORCL)

Dopkins Wealth Management LLC purchased a new position in Oracle Co. (NYSE:ORCL) in the 3rd quarter, HoldingsChannel reports. The firm purchased 7,000 shares of the enterprise software provider’s stock, valued at approximately $1,193,000. Oracle comprises approximately 1.0% of Dopkins Wealth Management LLC’s portfolio, making the stock its 16th largest holding.

Several other large investors also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new stake in shares of Oracle during the second quarter valued at $27,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle during the second quarter valued at $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the second quarter valued at $35,000. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the third quarter valued at $44,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle during the second quarter valued at $40,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

ORCL opened at $189.62 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $191.77. 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 $525.45 billion, a P/E ratio of 48.87, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. The firm’s 50-day moving average price is $169.43 and its 200-day moving average price is $145.54.

Oracle (NYSE:ORCL) last issued its earnings results 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 firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s dividend payout ratio is currently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ORCL. Mizuho boosted their target price on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. KeyCorp lifted their price objective on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price objective on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Finally, Guggenheim lifted their price objective on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.52.

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.