Oracle Co. (NYSE:ORCL) Holdings Raised by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,875 shares of the enterprise software provider’s stock after purchasing an additional 9,499 shares during the period. Foundations Investment Advisors LLC’s holdings in Oracle were worth $22,472,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth about $27,000. POM Investment Strategies LLC purchased a new stake in Oracle in the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC purchased a new stake in Oracle in the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle in the 1st quarter worth about $38,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Oracle in the 1st quarter worth about $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

ORCL opened at $173.76 on Tuesday. The stock’s 50 day moving average price is $157.11 and its two-hundred day moving average price is $139.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The firm has a market capitalization of $478.86 billion, a P/E ratio of 46.84, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Piper Sandler upped their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday. Finally, DA Davidson upped their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Ten equities research 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.67.

Insiders Place Their Bets

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 value 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 approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.80% 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.