Wealth Architects LLC Raises Stake in Oracle Co. (NYSE:ORCL)

Wealth Architects LLC increased its stake in Oracle Co. (NYSE:ORCL) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,288 shares of the enterprise software provider’s stock after purchasing an additional 161 shares during the quarter. Wealth Architects LLC’s holdings in Oracle were worth $731,000 at the end of the most recent quarter.

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

Oracle Stock Performance

Oracle stock opened at $181.24 on Thursday. The firm has a market capitalization of $502.23 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 3.12 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $182.10. The stock’s 50 day moving average price is $165.58 and its 200 day moving average price is $143.29. 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 earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for 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 business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analyst Ratings Changes

ORCL has been the subject of several research reports. JMP Securities lifted their price objective on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group upped their price objective on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

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.