Oracle Co. (NYSE:ORCL) Shares Bought by Centaurus Financial Inc.

Centaurus Financial Inc. raised its holdings in Oracle Co. (NYSE:ORCL) by 20.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,556 shares of the enterprise software provider’s stock after acquiring an additional 5,601 shares during the period. Centaurus Financial Inc.’s holdings in Oracle were worth $5,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $192.29 on Friday. Oracle Co. has a one year low of $99.26 and a one year high of $196.04. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $175.62 and a 200 day moving average price of $149.41. The firm has a market capitalization of $532.85 billion, a price-to-earnings ratio of 49.56, a price-to-earnings-growth ratio of 3.55 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Royal Bank of Canada began coverage on shares of Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Guggenheim boosted their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $169.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently 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.