Financial Advocates Investment Management Has $1.05 Million Stock Position in Oracle Co. (NYSE:ORCL)

Financial Advocates Investment Management boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,141 shares of the enterprise software provider’s stock after purchasing an additional 885 shares during the period. Financial Advocates Investment Management’s holdings in Oracle were worth $1,046,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Oracle in the second quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle during the 2nd quarter worth approximately $35,000. Quest Partners LLC bought a new position in Oracle in the 2nd quarter valued at approximately $40,000. Finally, Avondale Wealth Management acquired a new stake in Oracle in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s 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 transaction, the executive vice president now directly 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 is accessible through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Trading Up 1.3 %

NYSE ORCL opened at $170.02 on Friday. 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 52 week low of $99.26 and a 52 week high of $178.61. The business has a 50 day moving average price of $163.43 and a 200-day moving average price of $141.93. The company has a market cap of $471.14 billion, a price-to-earnings ratio of 43.82, a P/E/G ratio of 3.22 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s dividend payout ratio is presently 41.24%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Friday, October 25th. DA Davidson lifted their price target on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Bank of America raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

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.