Allen Capital Group LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Allen Capital Group LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,478 shares of the enterprise software provider’s stock, valued at approximately $252,000.

Other large investors have also recently bought and sold shares of the company. CFS Investment Advisory Services LLC boosted its stake in shares of Oracle by 11.2% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,497 shares of the enterprise software provider’s stock valued at $1,448,000 after purchasing an additional 853 shares in the last quarter. 49 Wealth Management LLC boosted its stake in shares of Oracle by 93.0% in the 3rd quarter. 49 Wealth Management LLC now owns 4,446 shares of the enterprise software provider’s stock valued at $758,000 after purchasing an additional 2,142 shares in the last quarter. Lathrop Investment Management Corp boosted its stake in shares of Oracle by 0.3% in the 3rd quarter. Lathrop Investment Management Corp now owns 63,910 shares of the enterprise software provider’s stock valued at $10,890,000 after purchasing an additional 218 shares in the last quarter. Activest Wealth Management boosted its stake in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $9,169,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL opened at $192.29 on Friday. The company has a fifty day moving average of $175.62 and a 200-day moving average of $149.20. The firm has a market capitalization of $532.85 billion, a P/E ratio of 49.56, a P/E/G ratio of 3.55 and a beta of 1.02. 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 twelve month low of $99.26 and a twelve month high of $196.04.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 business had revenue of $13.31 billion during 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%. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared 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 was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup raised 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. UBS Group restated a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Mizuho lifted their target price on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. TD Cowen lifted their target price on shares of 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. lifted their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by company insiders.

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.