Wealth Alliance Advisory Group LLC Has $2.96 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Wealth Alliance Advisory Group LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,360 shares of the enterprise software provider’s stock after purchasing an additional 1,113 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Oracle were worth $2,958,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Alaska Permanent Fund Corp bought a new position in Oracle in the 1st quarter valued at approximately $36,000. Park Avenue Securities LLC lifted its stake in shares of Oracle by 2.5% in the 1st quarter. Park Avenue Securities LLC now owns 22,071 shares of the enterprise software provider’s stock valued at $2,772,000 after acquiring an additional 548 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of Oracle by 11.7% during the 1st quarter. RFG Advisory LLC now owns 17,999 shares of the enterprise software provider’s stock valued at $2,261,000 after acquiring an additional 1,884 shares in the last quarter. International Assets Investment Management LLC grew its position in Oracle by 5.6% during the 1st quarter. International Assets Investment Management LLC now owns 12,620 shares of the enterprise software provider’s stock worth $1,584,000 after acquiring an additional 673 shares during the last quarter. Finally, Steph & Co. increased its holdings in Oracle by 70.7% in the 1st quarter. Steph & Co. now owns 461 shares of the enterprise software provider’s stock worth $58,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Cowen lifted their price target on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI lifted their target price on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. JMP Securities upped their price target on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Ten equities research 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, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.67.

Oracle Stock Performance

NYSE:ORCL opened at $174.69 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a fifty day moving average of $156.29 and a 200-day moving average of $138.59. The firm has a market capitalization of $484.08 billion, a P/E ratio of 45.02, a P/E/G ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during 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 business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle 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 transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.