Aviso Wealth Management Increases Position in Oracle Co. (NYSE:ORCL)

Aviso Wealth Management lifted its holdings in Oracle Co. (NYSE:ORCL) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,522 shares of the enterprise software provider’s stock after purchasing an additional 147 shares during the period. Aviso Wealth Management’s holdings in Oracle were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Fairway Wealth LLC purchased a new stake in Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC purchased a new stake in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC purchased a new stake in Oracle during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction 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 directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 1.8 %

ORCL opened at $183.74 on Monday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The business has a fifty day simple moving average of $172.14 and a 200-day simple moving average of $147.06. The firm has a market cap of $509.15 billion, a P/E ratio of 47.36, a P/E/G ratio of 3.39 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

Several research firms have commented on ORCL. Stifel Nicolaus boosted their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. DA Davidson boosted their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Evercore ISI boosted their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

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.