Turtle Creek Wealth Advisors LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 8.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,664 shares of the enterprise software provider’s stock after acquiring an additional 209 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Oracle were worth $454,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ORCL. Blue Barn Wealth LLC purchased a new position in shares of Oracle in the first quarter valued at approximately $218,000. Patten & Patten Inc. TN raised its stake in Oracle by 13.8% in the first quarter. Patten & Patten Inc. TN now owns 9,018 shares of the enterprise software provider’s stock valued at $1,133,000 after buying an additional 1,096 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of Oracle by 91.7% in the 1st quarter. Edgestream Partners L.P. now owns 13,771 shares of the enterprise software provider’s stock valued at $1,730,000 after buying an additional 6,587 shares in the last quarter. Jacobi Capital Management LLC increased its position in Oracle by 8.5% during the first quarter. Jacobi Capital Management LLC now owns 14,204 shares of the enterprise software provider’s stock worth $1,784,000 after buying an additional 1,109 shares during the period. Finally, Catalytic Wealth RIA LLC raised its position in Oracle by 11.7% in the 1st quarter. Catalytic Wealth RIA LLC now owns 7,469 shares of the enterprise software provider’s stock valued at $938,000 after purchasing an additional 780 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL traded down $3.31 during mid-day trading on Friday, hitting $183.74. 8,986,276 shares of the company’s stock were exchanged, compared to its average volume of 8,256,067. The stock’s 50-day simple moving average is $172.14 and its 200-day simple moving average is $146.60. The firm has a market cap of $509.15 billion, a price-to-earnings ratio of 47.35, a price-to-earnings-growth ratio of 3.49 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 Co. has a 52 week low of $99.26 and a 52 week high of $191.77.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. 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 0.87%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction 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 represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ORCL shares. Stifel Nicolaus boosted their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Bank of America boosted their price target on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Finally, KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. 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, Oracle has a consensus rating of “Moderate Buy” and a consensus 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.