1,372 Shares in Oracle Co. (NYSE:ORCL) Purchased by Wescott Financial Advisory Group LLC

Wescott Financial Advisory Group LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,372 shares of the enterprise software provider’s stock, valued at approximately $234,000.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle during the 1st quarter valued at approximately $38,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle during the 2nd quarter valued at approximately $40,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.1 %

Shares of NYSE ORCL opened at $192.29 on Friday. The company’s 50 day moving average price is $175.62 and its 200-day moving average price is $149.41. The company has a market capitalization of $532.85 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 3.55 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 52-week low of $99.26 and a 52-week high of $196.04.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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. The company had revenue of $13.31 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Evercore ISI lifted their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Barclays lifted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen lifted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada began coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Activity

In other news, EVP Maria Smith sold 6,320 shares of the company’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 completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by company insiders.

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.