WestHill Financial Advisors Inc. Invests $211,000 in Oracle Co. (NYSE:ORCL)

WestHill Financial Advisors Inc. acquired a new position in Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,239 shares of the enterprise software provider’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. Whitaker Myers Wealth Managers LTD. increased its position in shares of Oracle by 30.0% during the third quarter. Whitaker Myers Wealth Managers LTD. now owns 2,798 shares of the enterprise software provider’s stock worth $477,000 after purchasing an additional 645 shares in the last quarter. Alta Wealth Advisors LLC raised its position in shares of Oracle by 46.6% in the third quarter. Alta Wealth Advisors LLC now owns 3,784 shares of the enterprise software provider’s stock valued at $645,000 after buying an additional 1,203 shares during the last quarter. Chicago Capital LLC lifted its stake in shares of Oracle by 43.1% in the third quarter. Chicago Capital LLC now owns 61,691 shares of the enterprise software provider’s stock worth $10,512,000 after buying an additional 18,584 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Oracle by 47.1% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 7,094 shares of the enterprise software provider’s stock valued at $1,209,000 after acquiring an additional 2,273 shares during the last quarter. Finally, Clarity Wealth Advisors LLC lifted its stake in Oracle by 4.8% in the 3rd quarter. Clarity Wealth Advisors LLC now owns 4,485 shares of the enterprise software provider’s stock worth $764,000 after purchasing an additional 204 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Morgan Stanley boosted their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Citigroup upped their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Finally, Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Stock Down 0.6 %

Shares of Oracle stock opened at $174.69 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The firm has a market capitalization of $484.08 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The stock’s fifty day moving average is $156.29 and its 200-day moving average is $138.59.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

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.