OmniStar Financial Group Inc. Makes New Investment in Oracle Co. (NYSE:ORCL)

OmniStar Financial Group Inc. bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,196 shares of the enterprise software provider’s stock, valued at approximately $1,911,000. Oracle makes up approximately 1.4% of OmniStar Financial Group Inc.’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors have also modified their holdings of the company. Trust Point Inc. raised its holdings in shares of Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock valued at $2,318,000 after acquiring an additional 66 shares during the period. Aaron Wealth Advisors LLC raised its holdings in shares of Oracle by 7.2% during the third quarter. Aaron Wealth Advisors LLC now owns 17,272 shares of the enterprise software provider’s stock worth $2,943,000 after acquiring an additional 1,160 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Oracle by 23.3% in the third quarter. V Square Quantitative Management LLC now owns 10,871 shares of the enterprise software provider’s stock valued at $1,852,000 after acquiring an additional 2,056 shares during the last quarter. CHB Investment Group LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at $246,000. Finally, Sax Wealth Advisors LLC boosted its stake in shares of Oracle by 29.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 3,428 shares of the enterprise software provider’s stock worth $584,000 after acquiring an additional 787 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the 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 directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 42.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORCL shares. Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. BMO Capital Markets upped their target price on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, UBS Group raised their price objective on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Stock Up 0.7 %

Shares of NYSE ORCL traded up $1.16 during midday trading on Friday, reaching $176.84. The company’s stock had a trading volume of 1,664,450 shares, compared to its average volume of 8,443,326. The stock has a market capitalization of $487.35 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 3.29 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a 50 day simple moving average of $155.43 and a 200-day simple moving average of $138.15. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61.

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, beating 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 firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

About Oracle

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.