Acorn Wealth Advisors LLC Makes New $244,000 Investment in Oracle Co. (NYSE:ORCL)

Acorn Wealth Advisors LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent filing with the SEC. The firm purchased 1,431 shares of the enterprise software provider’s stock, valued at approximately $244,000.

Several other institutional investors have also modified their holdings of ORCL. Associated Banc Corp grew its stake in Oracle by 4.1% in the 3rd quarter. Associated Banc Corp now owns 8,458 shares of the enterprise software provider’s stock valued at $1,441,000 after acquiring an additional 334 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Oracle by 7.9% in the third quarter. Private Trust Co. NA now owns 29,543 shares of the enterprise software provider’s stock valued at $5,034,000 after purchasing an additional 2,165 shares in the last quarter. Mirabella Financial Services LLP grew its position in shares of Oracle by 856.6% in the third quarter. Mirabella Financial Services LLP now owns 22,108 shares of the enterprise software provider’s stock valued at $3,696,000 after purchasing an additional 19,797 shares during the last quarter. Truvestments Capital LLC increased its stake in shares of Oracle by 864.1% during the 3rd quarter. Truvestments Capital LLC now owns 20,333 shares of the enterprise software provider’s stock worth $3,465,000 after purchasing an additional 18,224 shares in the last quarter. Finally, Blue Whale Capital LLP raised its position in shares of Oracle by 825.7% during the 3rd quarter. Blue Whale Capital LLP now owns 251,842 shares of the enterprise software provider’s stock worth $42,914,000 after purchasing an additional 224,636 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Royal Bank of Canada started coverage on Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Mizuho boosted their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Down 2.2 %

Shares of NYSE:ORCL opened at $188.09 on Tuesday. The company has a market capitalization of $521.21 billion, a price-to-earnings ratio of 48.48, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. The company has a 50 day moving average of $175.98 and a two-hundred day moving average of $150.14. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. 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 (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating 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 business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period last year, the business earned $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Insider Activity at Oracle

In related 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 value of $1,042,800.00. Following the sale, the executive vice president now directly 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 legal filing with the SEC, which is accessible through this link. 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.