Wrapmanager Inc. Boosts Holdings in Oracle Co. (NYSE:ORCL)

Wrapmanager Inc. lifted its stake in Oracle Co. (NYSE:ORCL) by 114.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,214 shares of the enterprise software provider’s stock after purchasing an additional 4,915 shares during the period. Wrapmanager Inc.’s holdings in Oracle were worth $1,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Bridge LLC increased its stake in shares of Oracle by 21.6% in the 3rd quarter. Legacy Bridge LLC now owns 523 shares of the enterprise software provider’s stock worth $89,000 after acquiring an additional 93 shares in the last quarter. Prospera Financial Services Inc increased its stake in shares of Oracle by 4.5% in the 3rd quarter. Prospera Financial Services Inc now owns 24,524 shares of the enterprise software provider’s stock worth $4,181,000 after acquiring an additional 1,062 shares in the last quarter. Verity & Verity LLC increased its stake in shares of Oracle by 6.6% in the 3rd quarter. Verity & Verity LLC now owns 3,663 shares of the enterprise software provider’s stock worth $624,000 after acquiring an additional 226 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Oracle by 24.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 96,228 shares of the enterprise software provider’s stock worth $16,397,000 after acquiring an additional 19,151 shares in the last quarter. Finally, OneAscent Financial Services LLC increased its stake in shares of Oracle by 11.3% in the 3rd quarter. OneAscent Financial Services LLC now owns 5,081 shares of the enterprise software provider’s stock worth $866,000 after acquiring an additional 515 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 in the company, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORCL. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle Price Performance

ORCL stock opened at $185.75 on Tuesday. Oracle Co. has a one year low of $99.26 and a one year high of $191.77. The company’s fifty day moving average price is $173.06 and its 200-day moving average price is $147.56. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $514.72 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 3.39 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its earnings results 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

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.