Copley Financial Group Inc. Invests $546,000 in Oracle Co. (NYSE:ORCL)

Copley Financial Group Inc. acquired a new stake in Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,206 shares of the enterprise software provider’s stock, valued at approximately $546,000.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Piper Sandler upped their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America upped their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Evercore ISI raised their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, DA Davidson upped their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.63.

Oracle Price Performance

Oracle stock traded down $1.45 during trading hours on Friday, reaching $173.87. 1,100,858 shares of the stock were exchanged, compared to its average volume of 8,369,604. The stock has a 50 day moving average of $180.36 and a two-hundred day moving average of $155.36. The company has a market cap of $486.31 billion, a P/E ratio of 42.86, a price-to-earnings-growth ratio of 3.32 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $99.36 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the business earned $1.34 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 5.17 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, January 9th. Oracle’s dividend payout ratio is presently 39.12%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company’s stock.

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.