Atria Investments Inc Increases Position in Oracle Co. (NYSE:ORCL)

Atria Investments Inc raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 17.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,823 shares of the enterprise software provider’s stock after buying an additional 38,079 shares during the period. Oracle comprises approximately 0.5% of Atria Investments Inc’s investment portfolio, making the stock its 28th biggest position. Atria Investments Inc’s holdings in Oracle were worth $43,081,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Field & Main Bank boosted its holdings in shares of Oracle by 0.8% in the third quarter. Field & Main Bank now owns 18,830 shares of the enterprise software provider’s stock valued at $3,209,000 after purchasing an additional 150 shares during the period. Kerusso Capital Management LLC boosted its holdings in shares of Oracle by 6.5% in the third quarter. Kerusso Capital Management LLC now owns 27,425 shares of the enterprise software provider’s stock valued at $4,673,000 after purchasing an additional 1,667 shares during the period. Objective Capital Management LLC purchased a new stake in shares of Oracle in the third quarter valued at approximately $444,000. Lindbrook Capital LLC boosted its holdings in shares of Oracle by 4.4% in the third quarter. Lindbrook Capital LLC now owns 18,182 shares of the enterprise software provider’s stock valued at $3,098,000 after purchasing an additional 767 shares during the period. Finally, Wealth Quarterback LLC purchased a new stake in shares of Oracle in the third quarter valued at approximately $232,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.5 %

ORCL opened at $189.25 on Friday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $190.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a 50-day moving average price of $167.47 and a 200 day moving average price of $144.10. The company has a market cap of $524.42 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 3.34 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 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. 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 0.85%. Oracle’s dividend payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. TD Cowen upped their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

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.