Oracle Co. (NYSE:ORCL) Shares Purchased by BLB&B Advisors LLC

BLB&B Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,655 shares of the enterprise software provider’s stock after acquiring an additional 227 shares during the quarter. BLB&B Advisors LLC’s holdings in Oracle were worth $1,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tempus Wealth Planning LLC lifted its holdings in Oracle by 3.1% in the third quarter. Tempus Wealth Planning LLC now owns 12,931 shares of the enterprise software provider’s stock worth $2,203,000 after purchasing an additional 391 shares during the period. Stanley Laman Group Ltd. increased its stake in Oracle by 43.5% during the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider’s stock valued at $440,000 after buying an additional 783 shares during the period. Symphony Financial Ltd. Co. boosted its stake in Oracle by 29.6% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 20,964 shares of the enterprise software provider’s stock valued at $3,527,000 after purchasing an additional 4,789 shares in the last quarter. Waldron Private Wealth LLC raised its stake in shares of Oracle by 1.8% in the 3rd quarter. Waldron Private Wealth LLC now owns 27,667 shares of the enterprise software provider’s stock worth $4,714,000 after buying an additional 476 shares in the last quarter. Finally, Leo Wealth LLC lifted its holdings in shares of Oracle by 9.5% in the third quarter. Leo Wealth LLC now owns 6,274 shares of the enterprise software provider’s stock valued at $1,069,000 after buying an additional 543 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on 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 owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 0.9 %

Oracle stock opened at $175.33 on Wednesday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $485.85 billion, a P/E ratio of 45.19, a P/E/G ratio of 3.22 and a beta of 1.01. The company’s fifty day simple moving average is $157.93 and its 200-day simple moving average is $139.38.

Oracle (NYSE:ORCL) last issued its earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ORCL shares. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, September 16th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday. TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI raised their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.