Soltis Investment Advisors LLC Has $4.78 Million Holdings in Oracle Co. (NYSE:ORCL)

Soltis Investment Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 47.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,049 shares of the enterprise software provider’s stock after buying an additional 8,983 shares during the period. Soltis Investment Advisors LLC’s holdings in Oracle were worth $4,780,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORCL. Fairway Wealth LLC bought a new stake in shares of Oracle during the 2nd quarter worth $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter valued at approximately $30,000. Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $40,000. Reston Wealth Management LLC bought a new position in Oracle in the 3rd quarter worth approximately $44,000. Finally, Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter worth approximately $51,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

ORCL stock opened at $177.74 on Wednesday. The stock has a market capitalization of $492.53 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. 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 company has a 50 day moving average price of $179.76 and a 200 day moving average price of $154.67. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.34 EPS. Analysts forecast that Oracle Co. will post 5.06 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, January 9th. Oracle’s payout ratio is 41.24%.

Insider Buying and Selling at Oracle

In other 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 of the company’s stock, valued at $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 can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $181.48.

Oracle Company 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.