Oracle Co. (NYSE:ORCL) Shares Purchased by Castle Wealth Management LLC

Castle Wealth Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,224 shares of the enterprise software provider’s stock after buying an additional 402 shares during the quarter. Castle Wealth Management LLC’s holdings in Oracle were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ORCL. Principal Financial Group Inc. increased its stake in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Montecito Bank & Trust grew its holdings in shares of Oracle by 3.6% during the third quarter. Montecito Bank & Trust now owns 8,320 shares of the enterprise software provider’s stock valued at $1,418,000 after buying an additional 291 shares during the last quarter. BNC Wealth Management LLC increased its position in shares of Oracle by 2.9% in the 3rd quarter. BNC Wealth Management LLC now owns 29,536 shares of the enterprise software provider’s stock valued at $5,033,000 after acquiring an additional 821 shares during the period. Walkner Condon Financial Advisors LLC raised its stake in Oracle by 4.4% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,823 shares of the enterprise software provider’s stock worth $311,000 after acquiring an additional 76 shares during the last quarter. Finally, Graypoint LLC lifted its position in Oracle by 16.8% during the 3rd quarter. Graypoint LLC now owns 15,239 shares of the enterprise software provider’s stock worth $2,597,000 after acquiring an additional 2,190 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 0.0 %

Shares of ORCL opened at $181.17 on Thursday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $182.10. 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 fifty day simple moving average of $165.58 and a two-hundred day simple moving average of $143.29. The company has a market capitalization of $502.03 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 3.12 and a beta of 1.02.

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

Oracle Announces Dividend

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

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ORCL shares. Guggenheim increased their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Bank of America increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. KeyCorp boosted their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. JMP Securities increased their price target on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Finally, TD Cowen boosted their price objective on Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $168.52.

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.