Oracle Co. (NYSE:ORCL) Holdings Raised by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,560 shares of the enterprise software provider’s stock after buying an additional 10,206 shares during the period. Allworth Financial LP’s holdings in Oracle were worth $15,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Brookstone Capital Management boosted its stake in Oracle by 13.1% in the 1st quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock worth $2,592,000 after purchasing an additional 2,383 shares during the period. Transform Wealth LLC acquired a new position in Oracle during the first quarter valued at $201,000. OneAscent Financial Services LLC lifted its stake in Oracle by 19.7% in the 1st quarter. OneAscent Financial Services LLC now owns 4,857 shares of the enterprise software provider’s stock worth $610,000 after acquiring an additional 799 shares in the last quarter. First Dallas Securities Inc. boosted its position in Oracle by 15.0% during the 1st quarter. First Dallas Securities Inc. now owns 2,300 shares of the enterprise software provider’s stock worth $289,000 after acquiring an additional 300 shares during the period. Finally, Burns J W & Co. Inc. NY purchased a new position in Oracle during the 1st quarter valued at about $203,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of Oracle stock opened at $173.52 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $478.20 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. The firm has a fifty day moving average price of $160.15 and a two-hundred day moving average price of $140.20. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORCL. Barclays raised their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. DA Davidson increased their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Royal Bank of Canada assumed coverage on Oracle in a research note on Wednesday. They issued a “sector perform” rating and a $165.00 target price on the stock. Finally, Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by company insiders.

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.