Oracle Co. (NYSE:ORCL) Shares Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC lifted its position in Oracle Co. (NYSE:ORCL) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,948 shares of the enterprise software provider’s stock after purchasing an additional 1,386 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Oracle were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC purchased a new position in Oracle during the first quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the second quarter worth $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the second quarter valued at $35,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Oracle in the first quarter valued at about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated 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 directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Oracle stock opened at $174.72 on Friday. The company has a market cap of $484.16 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The business has a fifty day moving average of $156.29 and a two-hundred day moving average of $138.49. 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 (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s payout ratio is 41.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ORCL shares. TD Cowen increased their target price on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler upped their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $168.67.

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.