Oracle Co. (NYSE:ORCL) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,081 shares of the enterprise software provider’s stock after buying an additional 515 shares during the period. OneAscent Financial Services LLC’s holdings in Oracle were worth $866,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Fairway Wealth LLC acquired a new stake in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle in the first quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle in the second quarter valued at about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 1.1 %

ORCL stock opened at $185.75 on Tuesday. The stock has a market capitalization of $514.72 billion, a P/E ratio of 47.87, a PEG ratio of 3.39 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a one year low of $99.26 and a one year high of $191.77. The company has a 50 day moving average price of $173.06 and a two-hundred day moving average price of $147.56.

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

Oracle Dividend Announcement

The business also recently declared 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 dividend yield of 0.86%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ORCL shares. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Piper Sandler lifted their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. BMO Capital Markets lifted their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Finally, KeyCorp lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.52.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by company insiders.

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.