ASB Consultores LLC Grows Stake in Oracle Co. (NYSE:ORCL)

ASB Consultores LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,664 shares of the enterprise software provider’s stock after buying an additional 117 shares during the period. ASB Consultores LLC’s holdings in Oracle were worth $965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle in the 2nd quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Oracle during the first quarter valued at approximately $38,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the second quarter worth $40,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ORCL. Guggenheim boosted their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. JMP Securities raised their target price on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group boosted their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Piper Sandler raised their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.52.

Oracle Stock Down 0.3 %

ORCL stock opened at $169.59 on Tuesday. The business’s 50-day moving average is $164.04 and its two-hundred day moving average is $142.62. The company has a market cap of $469.94 billion, a price-to-earnings ratio of 43.71, a P/E/G ratio of 3.13 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. 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 posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’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 owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is owned by insiders.

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.