Apollon Wealth Management LLC lifted its stake in Oracle Co. (NYSE:ORCL – Free Report) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,715 shares of the enterprise software provider’s stock after acquiring an additional 879 shares during the period. Apollon Wealth Management LLC’s holdings in Oracle were worth $10,516,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Keystone Financial Services raised its stake in shares of Oracle by 7.2% in the 3rd quarter. Keystone Financial Services now owns 11,767 shares of the enterprise software provider’s stock valued at $2,005,000 after acquiring an additional 790 shares in the last quarter. Everhart Financial Group Inc. increased its position in Oracle by 12.2% in the 3rd quarter. Everhart Financial Group Inc. now owns 12,188 shares of the enterprise software provider’s stock worth $2,077,000 after buying an additional 1,330 shares during the period. Buckingham Capital Management Inc. increased its position in Oracle by 13.8% in the 3rd quarter. Buckingham Capital Management Inc. now owns 15,173 shares of the enterprise software provider’s stock worth $2,585,000 after buying an additional 1,843 shares during the period. Core Wealth Partners LLC increased its position in Oracle by 33.4% in the 3rd quarter. Core Wealth Partners LLC now owns 5,448 shares of the enterprise software provider’s stock worth $928,000 after buying an additional 1,364 shares during the period. Finally, Catalytic Wealth RIA LLC grew its holdings in shares of Oracle by 26.5% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 8,748 shares of the enterprise software provider’s stock worth $1,491,000 after purchasing an additional 1,831 shares in the last quarter. 42.44% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on ORCL
Oracle Trading Down 0.1 %
Shares of ORCL stock opened at $189.13 on Tuesday. The stock’s fifty day moving average price is $167.47 and its two-hundred day moving average price is $144.51. The company has a market cap of $524.09 billion, a PE ratio of 48.74, a P/E/G ratio of 3.49 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $191.50. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the business posted $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.
Oracle Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.
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.
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