Oracle Co. (NYSE:ORCL) Shares Acquired by Balboa Wealth Partners

Balboa Wealth Partners boosted its stake in Oracle Co. (NYSE:ORCL) by 25.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,539 shares of the enterprise software provider’s stock after purchasing an additional 1,117 shares during the quarter. Balboa Wealth Partners’ holdings in Oracle were worth $944,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ORCL. M&G Plc acquired a new position in shares of Oracle in the 1st quarter worth approximately $116,467,000. Mizuho Markets Americas LLC acquired a new stake in Oracle in the first quarter valued at approximately $147,286,000. Councilmark Asset Management LLC bought a new position in shares of Oracle in the first quarter valued at approximately $3,590,000. Maso Capital Partners Ltd bought a new position in shares of Oracle in the first quarter valued at approximately $1,972,000. Finally, Pinnacle Wealth Planning Services Inc. increased its position in Oracle by 4.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 10,330 shares of the enterprise software provider’s stock worth $1,298,000 after acquiring an additional 447 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Down 1.3 %

Oracle stock opened at $187.08 on Friday. The firm has a market cap of $518.41 billion, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. 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 business’s 50-day moving average price is $170.41 and its 200 day moving average price is $145.85. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $191.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.95 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. Oracle’s dividend payout ratio is currently 41.24%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Royal Bank of Canada assumed coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target for the company. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. TD Cowen upped their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus raised their price target on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by insiders.

Oracle 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.