Hantz Financial Services Inc. Purchases 147,767 Shares of Oracle Co. (NYSE:ORCL)

Hantz Financial Services Inc. raised its position in shares of Oracle Co. (NYSE:ORCL) by 178.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 230,687 shares of the enterprise software provider’s stock after purchasing an additional 147,767 shares during the quarter. Oracle accounts for approximately 0.7% of Hantz Financial Services Inc.’s holdings, making the stock its 28th biggest position. Hantz Financial Services Inc.’s holdings in Oracle were worth $39,309,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ORCL. Fairway Wealth LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $35,000. Reston Wealth Management LLC bought a new position in shares of Oracle during the 3rd quarter valued at approximately $44,000. Finally, Quest Partners LLC bought a new position in shares of Oracle during the 2nd quarter valued at approximately $40,000. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ORCL. DA Davidson boosted their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, Royal Bank of Canada began coverage on Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Performance

ORCL stock opened at $182.70 on Friday. 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 business’s fifty day simple moving average is $177.10 and its two-hundred day simple moving average is $151.11. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The firm has a market cap of $506.27 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 3.37 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its earnings results 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 return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. Oracle’s payout ratio is 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

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.