Circle Wealth Management LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Circle Wealth Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 45.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,775 shares of the enterprise software provider’s stock after buying an additional 10,836 shares during the quarter. Circle Wealth Management LLC’s holdings in Oracle were worth $5,926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new stake in shares of Oracle during the 1st quarter worth approximately $54,000. EverSource Wealth Advisors LLC raised its position in Oracle by 4.2% during the first quarter. EverSource Wealth Advisors LLC now owns 12,430 shares of the enterprise software provider’s stock valued at $1,561,000 after purchasing an additional 506 shares during the period. Mosaic Family Wealth Partners LLC boosted its holdings in shares of Oracle by 5.1% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 2,478 shares of the enterprise software provider’s stock worth $311,000 after purchasing an additional 121 shares during the period. Cullen Investment Group LTD. purchased a new stake in Oracle during the 2nd quarter valued at $202,000. Finally, ShankerValleau Wealth Advisors Inc. boosted its stake in Oracle by 80.7% during the second quarter. ShankerValleau Wealth Advisors Inc. now owns 221,799 shares of the enterprise software provider’s stock worth $31,318,000 after buying an additional 99,043 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.3 %

Shares of NYSE ORCL opened at $185.01 on Friday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. 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’s 50-day simple moving average is $177.45 and its 200-day simple moving average is $151.58. The firm has a market cap of $512.67 billion, a price-to-earnings ratio of 47.68, a price-to-earnings-growth ratio of 3.37 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate 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 return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. Equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Oracle’s payout ratio is currently 41.24%.

Insiders Place Their Bets

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 completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORCL shares. Bank of America raised their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Evercore ISI upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, BMO Capital Markets boosted their price objective on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, 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.