Prospera Financial Services Inc Buys 1,062 Shares of Oracle Co. (NYSE:ORCL)

Prospera Financial Services Inc increased its stake in shares of Oracle Co. (NYSE:ORCL) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,524 shares of the enterprise software provider’s stock after purchasing an additional 1,062 shares during the quarter. Prospera Financial Services Inc’s holdings in Oracle were worth $4,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new position in Oracle in the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter valued at $35,000. Reston Wealth Management LLC bought a new position in shares of Oracle during the 3rd quarter worth $44,000. Finally, Quest Partners LLC bought a new stake in shares of Oracle in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORCL. Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Sanford C. Bernstein upped their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Morgan Stanley raised their price objective on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $169.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.7 %

Shares of ORCL stock opened at $188.90 on Wednesday. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $191.77. The company has a market cap of $523.45 billion, a price-to-earnings ratio of 48.69, a PEG ratio of 3.39 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a 50 day simple moving average of $173.72 and a 200-day simple moving average of $148.08.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 0.85%. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

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.