Whitaker Myers Wealth Managers LTD. Increases Stock Position in Oracle Co. (NYSE:ORCL)

Whitaker Myers Wealth Managers LTD. grew its position in shares of Oracle Co. (NYSE:ORCL) by 30.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,798 shares of the enterprise software provider’s stock after purchasing an additional 645 shares during the period. Whitaker Myers Wealth Managers LTD.’s holdings in Oracle were worth $477,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ORCL. Alta Wealth Advisors LLC boosted its stake in Oracle by 46.6% during 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 raised its holdings in shares of Oracle by 43.1% during the 3rd quarter. Chicago Capital LLC now owns 61,691 shares of the enterprise software provider’s stock worth $10,512,000 after acquiring an additional 18,584 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in shares of Oracle by 47.1% during 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. Clarity Wealth Advisors LLC grew its holdings in shares of Oracle by 4.8% in the third quarter. Clarity Wealth Advisors LLC now owns 4,485 shares of the enterprise software provider’s stock valued at $764,000 after purchasing an additional 204 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Oracle by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 612,345 shares of the enterprise software provider’s stock worth $104,344,000 after purchasing an additional 6,269 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.6 %

NYSE:ORCL opened at $174.69 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $178.61. The company has a 50-day moving average of $156.29 and a 200 day moving average of $138.59. The firm has a market cap 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.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on ORCL. Stifel Nicolaus increased their price objective on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. KeyCorp lifted their price target on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, September 16th. Evercore ISI lifted their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, BMO Capital Markets raised their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $168.67.

Insider Buying and Selling at Oracle

In other Oracle 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 transaction of $1,042,800.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by insiders.

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.