Moody Lynn & Lieberson LLC Purchases 214 Shares of Oracle Co. (NYSE:ORCL)

Moody Lynn & Lieberson LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,232 shares of the enterprise software provider’s stock after acquiring an additional 214 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Oracle were worth $1,914,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORCL. Brookstone Capital Management boosted its holdings in Oracle by 13.1% in the first quarter. Brookstone Capital Management now owns 20,635 shares of the enterprise software provider’s stock worth $2,592,000 after purchasing an additional 2,383 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Oracle in the first quarter worth $53,000. Transform Wealth LLC bought a new position in Oracle in the first quarter valued at about $201,000. Capital Asset Advisory Services LLC boosted its position in Oracle by 3.1% in the first quarter. Capital Asset Advisory Services LLC now owns 7,750 shares of the enterprise software provider’s stock worth $968,000 after purchasing an additional 236 shares during the last quarter. Finally, Norway Savings Bank boosted its position in Oracle by 2.1% in the first quarter. Norway Savings Bank now owns 29,127 shares of the enterprise software provider’s stock worth $3,659,000 after purchasing an additional 590 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 0.7 %

Shares of NYSE ORCL opened at $174.38 on Friday. The firm’s 50-day moving average price is $158.68 and its 200-day moving average price is $139.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $483.22 billion, a price-to-earnings ratio of 44.94, a P/E/G ratio of 3.23 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for 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%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley raised their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. BMO Capital Markets lifted their price objective on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.