Maia Wealth LLC Acquires 1,261 Shares of Oracle Co. (NYSE:ORCL)

Maia Wealth LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 30.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,378 shares of the enterprise software provider’s stock after acquiring an additional 1,261 shares during the period. Maia Wealth LLC’s holdings in Oracle were worth $938,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORCL. Fairway Wealth LLC bought a new stake in Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC bought a new stake in Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle in the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Oracle in the first quarter worth about $38,000. Finally, Quest Partners LLC bought a new stake in Oracle in the second quarter worth about $40,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This 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 corporate insiders.

Oracle Price Performance

Shares of Oracle stock traded up $7.51 during trading hours on Wednesday, reaching $179.29. The stock had a trading volume of 1,744,988 shares, compared to its average volume of 8,239,991. The stock’s 50 day moving average is $164.71 and its 200 day moving average is $143.02. The firm has a market capitalization of $496.82 billion, a PE ratio of 44.28, a PEG ratio of 3.13 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $179.59. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last released its earnings results 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. The business had revenue of $13.31 billion during 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 company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.89%. Oracle’s dividend payout ratio is presently 41.24%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. KeyCorp raised their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Bank of America lifted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Citigroup lifted their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

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.