Oracle Co. (NYSE:ORCL) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 65.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,816 shares of the enterprise software provider’s stock after buying an additional 8,234 shares during the quarter. Arkadios Wealth Advisors’ holdings in Oracle were worth $3,547,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Forsta AP Fonden increased its position in shares of Oracle by 11.5% in the 3rd quarter. Forsta AP Fonden now owns 416,500 shares of the enterprise software provider’s stock worth $70,972,000 after purchasing an additional 43,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Oracle by 2.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 317,183 shares of the enterprise software provider’s stock worth $53,521,000 after acquiring an additional 7,051 shares in the last quarter. Osborne Partners Capital Management LLC lifted its stake in Oracle by 4.8% during the third quarter. Osborne Partners Capital Management LLC now owns 8,810 shares of the enterprise software provider’s stock worth $1,501,000 after purchasing an additional 400 shares during the last quarter. Middleton & Co. Inc. MA raised its holdings in shares of Oracle by 12.2% during the third quarter. Middleton & Co. Inc. MA now owns 4,157 shares of the enterprise software provider’s stock worth $708,000 after purchasing an additional 452 shares during the period. Finally, Parcion Private Wealth LLC boosted its holdings in shares of Oracle by 0.6% in the 3rd quarter. Parcion Private Wealth LLC now owns 65,892 shares of the enterprise software provider’s stock valued at $11,228,000 after buying an additional 411 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.80% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of Oracle stock traded down $0.86 during midday trading on Friday, hitting $173.52. 3,674,717 shares of the company were exchanged, compared to its average volume of 8,360,906. The firm has a 50 day simple moving average of $160.15 and a 200-day simple moving average of $140.20. 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 firm has a market cap of $478.20 billion, a P/E ratio of 46.77, a PEG ratio of 3.23 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share 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 company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the business posted $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.52.

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.